Micah's savings account pays a simple annual interest rate of 2.8%. Suppose he deposits $6,000 in the account and makes no additional deposits or withdrawals for 4 years.
What will the total value of the account be after 4 years?
(Recall that the formula for simple interest is Interest=Prt )
A)$22,800
B)$6,672
C) $7,680
D) $672
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Answer:
A=(p+1)t (T is variable_
Step-by-step explanation:
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