2027dashonaemitchell 2027dashonaemitchell

09-12-2021
Mathematics

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Bradley has $48,350 in a savings account that earns 3% interest per year. How much will he have in 24 months?

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khondokarsindeed khondokarsindeed

09-12-2021

Answer:

48350.06

Step-by-step explanation:

nvm I'm wrong is there a way to delete answer

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musiclover10045 musiclover10045

09-12-2021

Use the simple interest formula:

Total = start value x( 1+ (interest rate x time In years))

Total = 48350 x (1+(0.03 x 2))

Total = 48350 x 1.06)

Total = $51,251

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