SOLUTION: If $35 is invested at a simple interest rate of 3% per year what will be the account balance after 35 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: If $35 is invested at a simple interest rate of 3% per year what will be the account balance after 35 years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1089993: If $35 is invested at a simple interest rate of 3% per year what will be the account balance after 35 years?
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.
After 35 years the balance will be  35%2A1.03%5E35 = 98.49 dollars.