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Apex Help!!!! At the beginning of year 1, Gracie invest $350 at annual simple interest rate of 4%. She makes no deposits to or withdrawals from the account

Apex Help At the beginning of year 1 Gracie invest 350 at annual simple interest rate of 4 She makes no deposits to or withdrawals from the account class=

Respuesta :

It's B A(n)= 350 + (n - 1) (0.04 · 350); $504.00

Answer:

Option B.

Step-by-step explanation:

Gracie invest $350 at the beginning of the year 1 at annual simple interest rate of 4%.

the balance at the beginning of the year 12. Interest will be calculated for 11 years.

Formula for simple interest : A = P(1 + rt)

By putting the value : A = 350(1 + 0.04 × 11)

                                   A = 350 ( 1.44 ) = $504.00

So the best answer would be option B.

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