Bonnie deposits $70.00 into a new savings account. *the account earns 4.5% simple interest per year. * no money is added or removed from the savings account for 3 years. what is the total amount of money in her savings account at the end of the 3 years? a. $9.45 b. $79.45 c. $94.50 d. $164.50

Answer with Step-by-step explanation:

Amount in Bonnie's account initially=$ 70

The formula for simple interest=

Where P is the principal amount

R is rate of interest

and T is the time

Here, P=70,R=4.5,T=3

Interest=  

           = $ 9.45

Hence, Total amount in his savings account after 3 years= $(70+9.45)

                                                                                              = $ 79.45

Hence, correct option is:

B. $ 79.45

1) is right

step-by-step explanation:

step-by-step explanation: