PLEASE HELP MEYou deposit $300 in an account that earns 7.5% per year simple interest. Theequation that represents this situation is:A(n)

PLEASE HELP ME You deposit $300 in an account that earns 7.5% per year simple interest. The
equation that represents this situation is:
A(n) =
= 300 + (n - 1)(0.075•300)
How much will you have in the account at the beginning of the 11th year?
Round your answer to the nearest dollar.


[tex]PLEASE HELP MEEEEE You deposit $300 in an account that earns 7.5% per year simple interest.[/tex]

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This Post Has 4 Comments

  1. C: $525.

    Step-by-step explanation:

    Using all of the information you've provided included the formula already given just missing the amount of years, n.

    The formula that is being used to calculate is: [tex]A(n)=300+(11-1)(0.075*300)[/tex]

    All you needed to do was plugin the 11th year into n, the amount of years given.

    Hope this helped!

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