Mr. Murphey is saving money for a trip. He deposits $2000 into an account that offers a 3% yearly simple-interest rate. He plans to leave the money in the account for 4years 6months. How much will be mr. Murphy's account valence after 4 years 6 months

$2,270

Step-by-step explanation:

Mr Murphey saves $2000 dollars at simple interest.

His Principal=$2000

Rate=3%

Time=4 years 6 months = [4 +⁶/₁₂] years= 4+0.5= 4.5 years

Simple Interest=PRT/100

=(2000X3X4.5)/100=270

Amount in his account at the end of 4.5 years= Principal+Simple Interest

=2000+270=$2270

Mr Murphey's Account Value after 4 years 6 months will be $2,270.

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