math

posted by .

Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus's account balance be in 8 months?

  • math -

    assuming the interest is actually credited every month,

    1508.49(1+8*.042/12) = 1550.73

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. mathematics

    Ginger earns $18,500 annually and has 22% of her gross earnings withheld. What is the net amount of her paycheck each pay period if she is paid biweekly?
  2. math

    We deposited 7,500 dollars into a savings account which pays 3.6 percent annual interest, compound quarterly.How long after the money is deposited will the account balance be 9,750 dollars?
  3. Consumer Math

    Franklin deposited $1,400 in a savings account that accrues simple interest at 6.75%. What is the balance in his account at the beginning of the third quarter?
  4. math

    Franklin deposited $1,400 in a savings account that accrues simple interest at 6.75%. What is the balance in his account at the beginning of the third quarter?
  5. Consumer Math

    Franklin deposited $1,400 in a savings account that accrues simple interest at 6.75%. What is the balance in his account at the beginning of the third quarter?
  6. math

    if you deposit $700 a month in a savings account that earns 4% interest compounded monthly. how many months to get $3500 and what is the balance in the account.
  7. math

    if you deposit $700 a month in a savings account that earns 4% interest compounded monthly. how many months to get $3500 and what is the balance in the account.
  8. Lat math question for some days. Can y'all help?

    Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account …
  9. Math

    I need to see how this is answered. 1. Lauren deposited $200 into her savings account with 1% interest rate compounded annually. After 4 years her balance was $208.12. Colby deposited $200 into a savings account that earned a 2% simple …
  10. damon i need your help again

    Julie deposited $300 into a simple interest savings account that earns 1.34%. If no money is added or withdrawn from the account, about how long will it take for the interest to equal the deposited amount?

More Similar Questions