Answer:
Patricia's account balance after thirteen years is $867.15.
Step-by-step explanation:
It is given that,
Principal on deposited amount is $612.40
Rate is 3.2%
We need to find Patricia's account balance after thirteen years, t = 13 years
This problem is based on the concept of simple interest. Interest is given by :
[tex]I=PRt\\\\I=612.4\times \dfrac{3.2}{100}\times 13\\\\I=\$254.75[/tex]
Net amount = $612.40 + $254.75=$867.15
