SOLUTION: You deposit $2100 in a savings account paying 5.5% simple interest. How much interest will you earn in 4 years? How much will be in your account at the end of 4 years?

Question 1176281: You deposit $2100 in a savings account paying 5.5% simple interest.
How much interest will you earn in 4 years?
How much will be in your account at the end of 4 years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!


Hi
Question States:
I = P*r*t
I = $2100*.055t
I = 4, I = $2100*.055(4)= $462

How much will be in your account at the end of 4 years? 
$2100 + $462 = $2562

Wish You the Best in your Studies.

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