SOLUTION: $705 is deposited into a saving account that earns 3.5% simple interest for 4 years.

Question 1075442: $705 is deposited into a saving account that earns 3.5% simple interest for 4 years.
Found 3 solutions by Lightning_Fast, ikleyn, Alan3354:
Answer by Lightning_Fast(78)   (Show Source): You can put this solution on YOUR website!
Simple interest.
4(705*1.35)
Repetitive interest on the initial deposit, no?
Answer by ikleyn(52771)   (Show Source): You can put this solution on YOUR website!
.

The amount at the account in 4 years is = 809 dollars.

It looks like that "Lightning_Fast" knows nothing in Math.

Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
$705 is deposited into a saving account that earns 3.5% simple interest for 4 years.
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Do you have a question?
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3.5% simple interest for 4 years = 14%
Amount after 4 years = $705*1.14 = $803.70
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