1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months. How much money does Abby have in her account at the end of 4 months? [A: 3]

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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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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1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per
year for 4 months. How much money does Abby have in her account at the end of
4 months? [A: 3]
Transcribed Image Text:Interest 1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months. How much money does Abby have in her account at the end of 4 months? [A: 3]
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