matt74756 matt74756

31-05-2020
Mathematics

contestada

$1500.00 in a simple interest savings account. Two years later, the total account balance is $1665.00.

What is the interest rate of the savings account?

What will be the total amount of money in the account after 8 years? $
please answer

Respuesta :

yohanna69 yohanna69

31-05-2020

Answer:

interest rate=45.04

I after 8 years=5994

step on step explainaton:

I=PRT

1500=1665×r/100×2

r=45.04

I after 8 years= I=PRT

=1665×45/100×8=5994

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