Mathematics, 22.06.2019 10:20 adamflex
William deposited 375$ into a bank account earning 2.1% simple interest. what is his new account balance be in 12 years
Answers: 2
![\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$375\\ r=rate\to 2.1\%\to \frac{2.1}{100}\dotfill &0.021\\ t=years\dotfill &12 \end{cases} \\\\\\ A=375[1+(0.021)(12)]\implies A=375(1.252)\implies A=469.5](/tpl/images/0003/7183/90f37.png)
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William deposited 375$ into a bank account earning 2.1% simple interest. what is his new account bal...
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