Melanie deposits $8200 in a bank account paying 4.4% simple interest. How much money will be in her account after 5 years and 6 months?

8200+1894.40 = $10,094.40

Step-by-step explanation:

The formula we'll use for this is the simple interest formula, or:

I = P x r x t

Where:

P is the principal amount, $8200.00.

r is the interest rate, 4.4% per year, or in decimal form, 4.4/100=0.044.

t is the time involved, 5.5year(s) time periods.

So, t is 5.5year time periods.

To find the simple interest, we multiply 8200 × 0.044 × 5.5 to get that:

The interest is: $1984.40  + add to Investment ($8000) and you'll get the answer.

answer: i oofed

step-by-step explanation:

oofed=wow