Mr.murphey is saving money for a trip. He deposits $2000 into an account that offers a 3% yearly simple-interest rate. He plans to leave the

Question

Mr.murphey is saving money for a trip. He deposits $2000 into an account that offers a 3% yearly simple-interest rate. He plans to leave the money in the account for 4years 6months. How much will be mr. Murphy’s account valence after 4 years 6 months

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Jade 2 days 2021-10-12T10:50:24+00:00 1 Answer 0

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    2021-10-12T10:52:06+00:00

    Answer:

    $2270

    Step-by-step explanation:

    4years and 6 months are 4.5 years.

    4.5(2000 × 3/100)

    Interest = $270

    Balance = 270 + 2000 = $2270

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