Jassie put 3,200 into a savings account that cam 3.5% annual com pound interest If she makes no other deposits withdrawals, what will her ba

Question

Jassie put 3,200 into a savings account that cam 3.5% annual com pound interest If she makes no other deposits withdrawals, what will her balance be ofter 12 year?​

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Khánh Gia 5 years 2021-08-14T22:40:07+00:00 1 Answers 10 views 0

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  1. Dulcie
    0
    2021-08-14T22:41:54+00:00
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    Answer:

    Step-by-step explanation:

    r = 35 / ( 3200 × 12 ) = 0.00091146

    r = 0.00091146

    converting r decimal to a percentage

    R = 0.00091146 * 100 = 0.0911%/year

    The interest rate required solve for the  simple interest of $ 35.00

    from a principal of $ 3,200.00

    over 12 years is 0.0911% per year.

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