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GIVING OUT BRAINLIEST ANSWER! PLZ HELP!!!

Ben earns $1200 each summer and puts the money in a savings account with a 4% simple interest rate. If he deposits the same amount each year, how much money will he have at the end of his third summer?

A) $4770

B) $3744

C) $3175

D) $2850

Respuesta :

Answer:

the answer is A. $ 4,770



Step-by-step explanation:

The amount that Ben gets by the first year:


1,500 + (1,500 x 6%)  = 1590


The amount that Ben gets by the second year: 


(1590+1500)  + (3090 x 6%) = 3270.4


The amount that Ben gets by the third summer


(3270.4 + 1500 = $ 4770 


The interest rate is not calculated because the Bens till hasn't pass the rest of the year


curlihairedbaby

Answer:

The answer would be A, sweetie

Step-by-step explanation:


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