SOLUTION: Patricia deposited $612.40 in a savings account that earns 3.2% simple interest. What is Patricia�s account balance after thirteen years?

SOLUTION: Patricia deposited $612.40 in a savings account that earns 3.2% simple interest. What is Patricia�s account balance after thirteen years?

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Question 574401: Patricia deposited $612.40 in a savings account that earns 3.2% simple interest. What is Patricia�s account balance after thirteen years?
Answer by pamalah@yahoo.com(10) (Show Source): You can put this solution on YOUR website!
I=P * R * T
I=612.40 * 3.2% * 13
I=$254.76
254.76+612.40=$867.15 in checking account if no other $ deposited but initial deposit and simple interest
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