Mac deposits $800 in an account that earns 6% simle annual interest. how much money will he have after 3 years?

guys i need

After 3 years Mac will have $992 in his account.

Step-by-step explanation:

Principal amount deposited  = $800

Time  = 3 years

Rate of Interest  =  6%

Now, SIMPLE INTEREST =

So, here S I  =

or, Simple Interest on the principal amount = $192

Now, AMOUNT = PRINCIPAL +  SIMPLE INTEREST

                          = $800 + $192

                           = $992

or, the Amount  = $992

Hence, after 3 years Mac will have $992 in his account.

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.