SOLUTION: What will the value be in 7 years of $12,000 deposited into an account earning 3.25% simple interest? I tried to answer... 12000*.0325i = $390 390 * 7n = $2730 $2730 + $1

SOLUTION: What will the value be in 7 years of $12,000 deposited into an account earning 3.25% simple interest? I tried to answer... 12000.0325i = $390 390 7n = $2730 $2730 + $1

Algebra.Com

Question 615070: What will the value be in 7 years of $12,000 deposited into an account earning 3.25% simple interest?
I tried to answer...
12000*.0325i = $390
390 * 7n = $2730
$2730 + $12000 = $14,730
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
Your correct.
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