SOLUTION: If $35 is invested at a simple interest rate of 3% per year what will be the account balance after 35 years?

SOLUTION: If $35 is invested at a simple interest rate of 3% per year what will be the account balance after 35 years?

Algebra.Com

Question 1089993: If $35 is invested at a simple interest rate of 3% per year what will be the account balance after 35 years?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

After 35 years the balance will be   = 98.49 dollars.

RELATED QUESTIONS
find the balance in an account if $24000 is invested at an interest rate of 6.75% per... (answered by robertb)

what is the interest on $950 invested for 4 years in an account that earns simple... (answered by addingup)

�500 is invested at a simple rate of 3% per year. After how many years is the total... (answered by harpazo)

If $8500 is invested at a rate of 6% per year compounded daily, what is the balance after (answered by nerdybill)

what is the interest on $1200 invested for 2 years in an account that earns simple... (answered by jim_thompson5910)

If $100 dollars is deposited in a savings account that pays interest at a rate of 12.5%... (answered by Kbear,MathTherapy)

If $4500 is invested at an interest rate of 11%, compounded continuously, determine the... (answered by rfer)

I am to recall that, when interest is compounded continuously, the balance in an account... (answered by stanbon)

Freddie deposits into a simple interest bank account for 4 years. After 3 years the... (answered by ewatrrr)