Cynthia is saving money for her trip to Italy. She put her money into a savings account so it can accrue interest. She deposits $4,500 into the account that has an interest rate of a 8.5%. She keeps the money in the account for 3 years. What is the balance of the account after 3 years.

$1147.50

$5647.50

$11,475

$95.63
RIGHT ANSWER BRAINLYEST

Respuesta :

Answer:

$5647.50

Step-by-step explanation:

Formula for interest => I = Prt

substitute => I = (4500)(0.085)(3)

I = 1147.5

Add interest to our principle value => 4500 + 1147.5

Thus, our answer: $5647.50