Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. If you put $1800 in savings account that pays 4% simple interest every year, what will be the balance in the account after 6
2. If you put $1800 in savings account that pays 4% simple interest every year, what will be the balance in the account after 6 years? (Hint: Balance = Principle + interest revenue) Interest revenue = principle * interest rate- a. $2232 O b. $2432 C. $2332 O d. $2532
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started