Answer:
11980
Step-by-step explanation:
This is simple interest.
We use the formula i=prt. Interest = price x rate x time
You just plug in your numbers, 10000 is your price, 5.5 years is the time, and 3.6% interest is rate.
Now our equation looks like this: i = 10000 x 5.5 x 0.036
(i converted the percent to a decimal)
So the interest is 1980, but the question asks for the final value, so we add the interest to the initial deposit, 1980 + 10000, and we get 11980 for our final value.
I apologize if my answer is wrong, but if it isn't I hope I helped :)
