anonymous
  • anonymous
Not sure how to do this? Corey deposited $1,500 in a savings account that earns simple interest at 5.75%. What is the balance in his account at the beginning of the third quarter?
Mathematics
katieb
  • katieb
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Vocaloid
  • Vocaloid
Medals 0 simple interest means that at the end of each quarter, he earns 5.75% of 1500 at the beginning of the third quarter, two quarters have passed, so... total amount of money = 1500 + (0.0575)*(1500)*2
anonymous
  • anonymous
$3,172.50? I'm still doing something wrong, because the answer isn't in the list: a. $1,556.78 b. $1,528.13 c. $1,543.13 d. $1,612.50

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