document.write( "Question 581688: suppose you deposit $640 into an account which earns 2.5% annual interest.Explain how you find the balance after one year. \n" ); document.write( "
Algebra.Com's Answer #371784 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! 2.5% of $640 is 0.025*640 = 16 dollars\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So in the first year, you've earned $16 in interest.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Add this to the current balance of $640 to get 640 + 16 = 656\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the balance after one year is $656 \n" ); document.write( " |