Dany deposits $4,700 in an account that pays 2.15% simple interest. He keeps the money in the account for three years but doesn't make any deposits or withdrawals. How much interest will he receive after the three years?

Dany will recieve $303.15 in interest and will have a total of $5003.15

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Algebra I

Simple Interest Rate Formula: A = P(1 + rt)

Step-by-step explanation:

Step 1: Define

Principle amount P = 4700

Rate r = 2.15% = 0.0215

Time t = 3 years

Step 2: Solve for A

Step 3: Find Interest Gained

Final - net

good luck!

cutie~

a is the right answer