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yoyogators

PLease help me!!!

  • one year ago
  • one year ago

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  1. yoyogators
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    Devante paid a security deposit of five hundred twenty−five dollars when he signed the lease for his apartment. The money was put into an account earning two percent simple annual interest. After renting for 8 years, Devante got his deposit back. What was the payout balance? four hundred forty−one dollars five hundred thirty−two dollars five hundred ninety−five dollars six hundred nine dollars

    • one year ago
  2. yoyogators
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    can you please tell me how to solve this?

    • one year ago
  3. IFlyInThe~Skiez0063
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    first you would have to use the equation I=PRT . [I=525 x .02 x 8] the interest would equal 84. then because you need the balance you would add P to the Interest it would be 525 + 84 = 609.

    • 2 months ago
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spraguer (Moderator)
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