5) Tess deposited $500 in an account that earns 6% annual simple interest. She leaves the money in the account for 4 years. What will be the

Question

5) Tess deposited $500 in an account that earns 6% annual simple interest. She leaves the money in the account for 4 years. What will be the balance If Tess makes no withdrawals or deposits to the account? *

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Ivy 3 weeks 2021-11-10T17:18:04+00:00 1 Answer 0 views 0

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    2021-11-10T17:19:31+00:00

    Answer: $620

    Step-by-step explanation:

    500 + 6

    500 • 0.06 = 30

    30 • 4 = 120

    120 + 500 = 620

    $620

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