. Caleb deposits $50.00 into a new savings account. *The account earns 5.5% simple interest per year *No money is added or removed from the savings account for 3 years. What is the total amount of money in his savings account at the end of the 3 years? A. S825.00 O B. S58.25 O C. S8.25 D. $33.25
. Caleb deposits $50.00 into a new savings account. *The account earns 5.5% simple interest per year *No money is added or removed from the savings account for 3 years. What is the total amount of money in his savings account at the end of the 3 years? A. S825.00 O B. S58.25 O C. S8.25 D. $33.25
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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![7. Caleb deposits $50.00 into a new savings account.
*The account earns 5.5% simple interest per year
*No money is added or removed from the savings account for 3 years.
What is the total amount of money in his savings account at the end of the 3
years?
A. S825.00
O B. S58.25
O C. S8.25
D. S33.25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74a68b2d-c779-45c1-8e94-6f66267a75d3%2Ffbb212e9-98d8-4d4d-a23a-c21eed7be941%2F25m4kchu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. Caleb deposits $50.00 into a new savings account.
*The account earns 5.5% simple interest per year
*No money is added or removed from the savings account for 3 years.
What is the total amount of money in his savings account at the end of the 3
years?
A. S825.00
O B. S58.25
O C. S8.25
D. S33.25
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