Seudónimo Seudónimo

23-05-2017
Mathematics

contestada

Derrick has $3500 in a savings account that earns 12% annually. If the interest is not compounded, how much interest will he earn in 3 years?

Respuesta :

jakeedits jakeedits

23-05-2017

If the interest is not compounded he will earn 4760.
-proof: 3500 x .12 = 420
420 x 3 = 1260
1260 + 3500 = "4760"

Answer Link

malikbest429 malikbest429

01-04-2021

Answer: 1260.00

Step-by-step explanation:

Answer Link

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