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Mathematics

Answered

Delilah deposits 8,255 in an account that pays 4.2% simple interest. How much money will be in her account after 8 years

Answer :

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Answer:

11235.35

Step-by-step explanation:

Given data

P=8225

R=4.2%=0.042

T=8years

The simple interest formula is

A=P(1+rt)

Substitute

A=8225(1+0.042*8)

A=8225(1+0.336)

A=8225*1.366

A=11235.35

Hence the balance will be 11235.35

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