Ask Question
18 June, 03:41

At the end of 4 years, how much money would you have in total if you invested $300 and earned 4.5% simple interest? A. $313.50 B. $318 C. $327.75 D. $354

+3
Answers (1)
  1. 18 June, 06:34
    0
    The account balance for principal amount P accumulating simple interest at the rate r over time period t is given by ...

    ... A = P (1 + rt)

    Fill in the given numbers and do the arithmetic.

    ... A = 300· (1 + 0.045·4) = 354

    The appropriate choice is: D. $354
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “At the end of 4 years, how much money would you have in total if you invested $300 and earned 4.5% simple interest? A. $313.50 B. $318 C. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers