Mathematics, 02.07.2019 19:30 kayranicole1
If you invest 300 dollars in an account at 7.5 percent interest per year simple interest how much will you bave in the account at the beggining of the 11th year
Answers: 1
![\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$300\\ r=rate\to 7.5\%\to \frac{7.5}{100}\dotfill &0.075\\ t=years\dotfill &10 \end{cases} \\\\\\ A=300[1+(0.075)(10)]\implies A=300(1.75)\implies A=525](/tpl/images/0043/6572/3ba6d.png)
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