IIULIVUT
David invests $10,000 in a savings account
that pays 3.5% simple interest. If David make
no withdrawals or deposits to the account,
how much will be in the account after 7 years?

Given:

Investment (P) = $10000

Rate of interest (R) = 3.5%

Time (T) = 7 years

To find:

Amount in the account after 7 years

Solution:

Simple interest formula:

Simple interest = $2450

Amount = Investment + Interest

             = 10000 + 2450

             = 12450

Therefore $12,450  will be in the account after 7 years.

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step-by-step explanation:

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