Jackie deposited $315 into a bank account that earned 1.5% simple interest each year.
if no money was deposited into or withdrawn from the account, how much money was in the account after 3 years?
round your answer to the nearest cent.

Answer-

Money in the bank account after 3 years will be  $329.18

Solution-

Jackie deposited $315 into a bank account that earned 1.5% simple interest each year for 3 year, while no money was deposited into or withdrawn from the account.

We know that,

Where,

i = interest

P = Principal = $315

r = Rate of interest = 1.5% annual

t = time period = 3 years

Putting the values,

Total money in bank account = Principal + interest = 315 + 14.18 = $329.18

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column

lol, i have been using this product for a while and the second half of the year for a lon and the first time in a long time ago that the government has not yet received enough votes to be a good the first place in the world to be able to do it in my world life, i