document.write( "Question 1118576: You invest $3000 in an account at 3.5% per year simple interest. How much will you have in the account at the beginning of the 7th year? Round your answer to the nearest whole dollar. \n" ); document.write( "

Algebra.Com's Answer #733943 by greenestamps(13215) $\"\"$ $\"About$

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\n" ); document.write( "At the beginning of the 7th year, the money has been in the account for 6 years.

\n" ); document.write( "The simple interest on $3000 at 3.5% for 6 years is I = prt:

\n" ); document.write( " $\"%283000%29%28.035%29%286%29+=+630\"$

\n" ); document.write( "The amount in the account at the beginning of the 7th year is then the original amount plus the interest $3630. \n" ); document.write( "

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