13-05-2020
Mathematics

contestada

Lonnie places $950 in a savings account that earns 5.75% simple interest. Find the total amount in the account aftdr 4 years

Respuesta :

Aliwohaish12 Aliwohaish12

13-05-2020

Answer:

1168.5

Step-by-step explanation:

The formula is

A=p(1+rt)

A future amount

P present amount

R interest rate

T time

A=950(1+0.0575×4)=1168.5

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