Asked by Kanna

You put $500 in an account that earns 4.5% simple interest. Find the balance in the account after 3 years.
Answered by oobleck
that would be

500(1 + 0.045*3) = _________
Answered by Ms. Sue
Interest = Principal times rate times time

I = 500 * 0.045 * 3

Add the interest to the principal.
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