Malcolm depostied $567.21 in a savings account that earns 2.6% simple interest. What is Malcolm's account balance after eight years?
+37091 The INTEREST Malcom receives EACH year is 567.21 x .026 and he will get EIGHT times that, PLUS his original deposit.
567.21 (1 + 8(.026) ) = $685.19 after 8 years
