Gerard deposited $5,600 into a savings account that earns 4.5% simple interest each year calculated annually what is the future value of gerard's account after 12 years

The simple interest formula is given by;

Where, is the principal, is the time in years and % is the rate in percentage.

We just have to plug in these values in to the simple interest formula to obtain,

Multiplying out the numerator gives,

We simplify to obtain;

Since Gerard's money earned a simple interest of $ 3024 the total value in his account will increase by $ 3024.

Hence the value of Gerard's account after 12 years is  

$8,624

answer: all of the odd numbers were opened

the first person was the one that was opening all of the lockers. since one is odd, this causes all of the odd number lockers to be opened in the end.