Alishan has a savings account with a balance of $20,000. Find the balance after 15 years with a simple annual interest rate of 3.71%. $34,541.37 $31,541.37 $31,130.00 $11,130.00

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.43TI: Sean’s new car loan statement said he would pay $4,866.25 in interest from an interest rate of 8.5%...
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Alishan has a savings account with a balance of $20,000. Find the balance after 15 years with a simple annual interest rate of 3.71%.

$34,541.37
$31,541.37
$31,130.00
$11,130.00

 

 
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