Tyrell otis deposited his irs refund check for $760 at 5% and made no other deposits or withdrawals. how much simple interest did his money earn in 3 months? what is the final amount in the account?

He earned $114 in interest.

The final amount in the account is $874

Step-by-step explanation:

Initial balance (b): $760

Interest rate (i): 0.05

Period (n): 3 months

Simple interest applications yield the same amount in interest every period. Therefore, the total simple interest earned can be defined by:

The final amount (A) in the account is the initial balance plus the interest earned in 3 months.

He earned $114 in interest and the final amount in the account is $874

1

x = 1

step-by-step explanation:

0 ÷ x = 0

0 ÷ 1 = 0

step-by-step explanation:

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