that would be
500(1 + 0.045*3) = _________
You put $500 in an account that earns 4.5% simple interest. Find the balance in the account after 3 years.
2 answers
Interest = Principal times rate times time
I = 500 * 0.045 * 3
Add the interest to the principal.
I = 500 * 0.045 * 3
Add the interest to the principal.
1 answer