SOLUTION: What will the value be in 7 years of $12,000 deposited into an account earning 3.25% simple interest? I tried to answer... 12000*.0325i = $390 390 * 7n = $2730 $2730 + $1

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: What will the value be in 7 years of $12,000 deposited into an account earning 3.25% simple interest? I tried to answer... 12000*.0325i = $390 390 * 7n = $2730 $2730 + $1      Log On

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Question 615070: What will the value be in 7 years of $12,000 deposited into an account earning 3.25% simple interest?
I tried to answer...
12000*.0325i = $390
390 * 7n = $2730
$2730 + $12000 = $14,730

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
Your correct.