4 months ago

Tracy deposited $59 into a bank account that earned 3.5% simple interest each year. If no money was deposited into or withdrawn from the account, how much money was in the account after 112 years? Round your answer to the nearest cent. Enter your answer in the box.

Accepted Solution

112 years? I think you meant 1 1/2 years.ANYWAYS, the answer is $62.10

Tracy deposited $59 into a bank account that earned 3.5% simple interest each year. If no money was deposited into or withdrawn from the account, how much money was in the account after ​ 112 ​ years? Round your answer to the nearest cent. Enter your answer in the box.