kgannon1029 kgannon1029

03-04-2017
Mathematics

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EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15% simple interest. How much money will be in his account after 5 years?

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Green11 Green11

03-04-2017

$393.55 will be in his account after 5 years.

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03-04-2017

I = prt
I = 340 * .0315 * 5
I = 53.55
Add $340 + $53.55 = $393.55

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