Question 1 Marcia has a simple interest savings account that she initially deposited $1,300.  What is the total interest earned she earned after 5 years if the account paid an annual interest rate of 4.6%. Enter the dollar sign, followed by the dollar amount.  No space between the dollar sign and the number.  Round to the nearest whole dollar.   Example: $368

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Question 1

Marcia has a simple interest savings account that she initially deposited $1,300.  What is the total interest earned she earned after 5 years if the account paid an annual interest rate of 4.6%.

Enter the dollar sign, followed by the dollar amount.  No space between the dollar sign and the number.  Round to the nearest whole dollar.   Example: $368

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