Bodens account has a principal of $500 and a simple interest rate of 3.3% . complete the double number line. HOW MUCH money will be in the account after 4 years, assuming Boden does not add or take out any money.
Accepted Solution
A:
Answer:$66.00Step-by-step explanation:first we need multiply :D I will use the formula I =prtprincipal= $500rate=3.3%time= 4 yearsbut we need to convert the percent, 3.3%, to a decimal3.3%=0.033 or .033now we multiply !500 × 0.033 × 4 = 66 = $66.00 :D