You put $1200 in an account that earns 3% simple interest. y= a (1 + r)t find the total amount in the account after four years.

Hello!

To find how much money total will be in the account after four years, you need to use the function, , as seen above. In this function, a is the starting value, r is the interest rate, and t is the amount of time (in years).

Before substituting values into the function, we need to convert 3% into a decimal. Remember that all percentages are out of 100, so we divide 3 by 100 and remove the percentage sign, or move the decimal two places to the left.

3/100 = 0.03 | 0.03 is the interest rate.

With all the necessary values, we can find the total amount in the account. In this case, a = 1200, r = 0.03, and t = 4.

y = 1350.610572, which can be rounded to 1350.61 dollars.

Therefore, after 4 years, the total amount in the account will be about 1350.61 dollars.

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