SOLUTION: Jane deposits $1,500 at 18.% APR in a simple interest account for 4 years. Find the interest I and the final balance A

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Question 1115524: Jane deposits $1,500 at 18.% APR in a simple interest account for 4 years. Find the interest I and the final balance A
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+I+=+P%2Ar%2At+
+P+=+1500+
+r+=+.18+
+t+=+4+
----------------
+I+=+1500%2A.18%2A4+
+I+=+.72%2A1500+
The final balance +A+=+P+%2B+I+
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