SOLUTION: Salesi invests his savings of $1 530 at 4.3% interest per year for three years. Find the value of his savings after three years.

SOLUTION: Salesi invests his savings of $1 530 at 4.3% interest per year for three years. Find the value of his savings after three years.

Algebra.Com

Question 1024102: Salesi invests his savings of $1 530 at 4.3% interest per year for three years. Find the value of his savings after three years.
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Simple interest is found by
I = Prt
so here we get
I = (1530)(.043)(3) = $197.37 interest
Add that to his original principal and get
$1727.37
RELATED QUESTIONS
. Salesi saves a total of $1 530 over 20 weeks. In the first week he saved $10. He... (answered by ankor@dixie-net.com)

Liam invests �6200 for 3 years in a savings account. He gets 2.5% per annum compound... (answered by josgarithmetic)

Momin plans to buy a house on cash instead of paying mortgage. He plans to set aside... (answered by Theo)

1) A retiree invests $3,000 in a savings plan that pays 3% per year. What will the... (answered by rfer)

Jonathan obtained his degree and started his own consulting company in January of 2010.... (answered by Theo)

Jonathan obtained his degree and started his own consulting company in January of 2010.... (answered by ElectricPavlov,ikleyn)

trader needs ₦300,000 to improve her business, she deposits ₦110,000 in her savings... (answered by ikleyn,MathTherapy)

Find the future value on a savings account with a principle of $4700 at 4% simple... (answered by Theo)

Pep invested x dollars in a savings account and y dollars in a certificate of deposit,... (answered by MathTherapy)