SOLUTION: Eileen earned 45.00 in annual interest from a savings account with a 3.5% annual interest rate. Assuming she made no deposits or withdrawals during the year, what is the balance in

SOLUTION: Eileen earned 45.00 in annual interest from a savings account with a 3.5% annual interest rate. Assuming she made no deposits or withdrawals during the year, what is the balance in

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Question 560079: Eileen earned 45.00 in annual interest from a savings account with a 3.5% annual interest rate. Assuming she made no deposits or withdrawals during the year, what is the balance in the account?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
(45/0.035)+45=$1,330.71
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