Pahola invests $3,500 in a money market account. The simple interest rate on her investment is 3.65%.How much will pahola's account be worth in 4 years?

Given:

Principal = $3500

Rate of simple interest = 3.65% = 0.0365

Time = 4 year

To find:

The amount.

Solution:

The formula for simple interest is

where, P is principle, r is rate of interest and t is time in years.

Substituting P=3500, r=0.0365 and t=4, we get

Now,

Therefore, the amount after 4 years in pahola's account is $4011.

answer: yes youre right.

step-by-step explanation:

$450.00 for 6 weeks

or

$300

step-by-step explanation:

$200.00 for first week $50.00 x5 equals $250 plus $200 equals $450.00 for six weeks.

$200 for first week

$200 x 0.10 = $20

$20 x 5 = $100

$200 + $100 = $300