SOLUTION: Pablo put $1,260 into a savings account that earns 3% simple interest per year. He does not make any deposits or withdrawals. How much money will be in Pablo's account after 2 year

Algebra.Com
Question 861517: Pablo put $1,260 into a savings account that earns 3% simple interest per year. He does not make any deposits or withdrawals. How much money will be in Pablo's account after 2 years?
Found 2 solutions by ewatrrr, richwmiller:
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

 
Hi,
A = $1,260(1.03)^2
Answer by richwmiller(17219)   (Show Source): You can put this solution on YOUR website!
After one year 1297.80
After two years 1336.73


RELATED QUESTIONS

Mia has $950 in a savings account that earns 2% annual simple interest. How much money... (answered by solver91311)
Darla the Darling Dot Dudette has $400 to deposit in two different savings accounts. 1.... (answered by ikleyn)
José put $1,500 into a savings account. He earns 3% interest every year. How much... (answered by josgarithmetic)
José put $1,500 into a savings account. He earns 3% interest every year. How much simple (answered by josgarithmetic)
You put $5000 in a savings account which earns compound interest at a rate of .5% per... (answered by mxgirl22)
. Jose deposits splits $5,000 evenly into 2 savings accounts. • Account 1 is safer... (answered by mananth)
Austin deposits $4,000 into an account that pays simple interest at an annual rate of 2%. (answered by josgarithmetic)
BELINDA has 1,200 in a savings account that pays 1.5% annual simple interest. If she does (answered by tommyt3rd)
Nico puts $250 into a savings account that earns $6 per year simple interest. How long... (answered by lynnlo)