jessicaelaine119 jessicaelaine119

02-07-2020
Mathematics

contestada

An account pays 7%per year simple interest. In 1 year, the amount in the account is 950. How much is in the account in year 6

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gilbertazavedo72 gilbertazavedo72

04-07-2020

Answer:

First year's interest is already given.

There are 5 more payments of interest

= 5 * 0.07 * 950 = 332.5

so amount in the account after 6 years = 950 + 332.5 = 1282.5

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283821ljllllllll 283821ljllllllll

13-12-2020

Answer:

The answer is 1282.50

Step-by-step explanation:

Answer Link

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