austiningles2772 austiningles2772

11-08-2017
Mathematics

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Malory deposited $841.72 in a savings account that earns 1.4% simple interest. What is Malory's account balance after eleven years?

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musiclover10045 musiclover10045

11-08-2017

A = P(1 + rt)

P=841.72

r = 1.4% =0.014

t = 11 years

A = 841.72 *(1+0.014 x 11) = 971.34

balance = $971.34

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11-08-2017

The answer for this question is 971.34488

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