SOLUTION: Find the total amount in an account if 1500 is invested at 12% simple interest for 3.5 years

SOLUTION: Find the total amount in an account if 1500 is invested at 12% simple interest for 3.5 years

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Question 1074424: Find the total amount in an account if 1500 is invested at 12% simple interest for 3.5 years
Answer by CubeyThePenguin(3113) (Show Source): You can put this solution on YOUR website!
A = P(1 + rt)

P = principal (initial) amount
r = interest rate
t = time

Plug in P = 1500, r = 0.12, and t = 3.5 to get A = 2130.
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