You deposit $750 in a bank
account that will earn a simple
interest of 3.5% per year.
How much will your investment
be worth after 12 years?

Respuesta :

Answer:

$1,065

Step-by-step explanation:

Simple interest equation: A=P(1+rt)

P (principal amount) = 750, r (rate) = 3.5%, t (time) = 12 years

A=750(1+(3.5)(12))

A=1065

The amount of an investment to be worth after 12 years should be considered as the $1,065

Calculation of an investment:

Since

The deposited amount is $750

The rate of interest is 3.5% per year.

And, the time period is 12

So,

A=750(1+(3.5)(12))

A=1065

Hence, The amount of an investment to be worth after 12 years should be considered as the $1,065

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