Question:

Think About the Process You deposit $3,900 into a bank

Last updated: 7/18/2022

Think About the Process You deposit $3,900 into a bank

Think About the Process You deposit $3,900 into a bank account with a simple interest rate of 8%. How can you find the account balance after 6 years? Then find the account balance after 6 years. How do you find your account balance after 6 years? A. First use I = prt to find the simple interest earned after 6 years. Then add that to the rate. B. First use I = prt to find the simple interest earned after 6 years. Then subtract that from the principal. C. First use I = prt to find the simple interest earned after 6 years. Then add that to the principal. D. First use I = prt to find the simple interest earned after 6 years. Then add that to the time. After 6 years your account balance will be $ Resume later Submit Quiz