James puts $3,500 into a savings account that earns 2.5% simple interest. He does not touch that account for 3 years. What would the new balance of the account be after 3 years?

Given :

James puts $3,500 into a savings account that earns 2.5% simple interest.

He does not touch that account for 3 years.

To Find :

The new balance of the account be after 3 years.

Solution :

Interest on $3500 after 3 years is :

So, new balance of the account after 3 years is $( 3500+262.5 ) = $3762.5  .

Hence, this is the required solution.

step-by-step explanation:

we are given

since, we have to isolate x on anyone side

so, we can move all x terms on one side

subtract both sides by 2x

add both sides by 9

divide both sides by 4

we get