Faye Tallity earns simple interest on her savings account. She deposits $1,200 into her account and will have $1,344 after 2 years. How much will Faye have in her account 7 years after her initial deposit?
Faye will have $1704.00 total money in her account. She earned $504.00 interest for 7 years. (She earned $144 for 2 years, divide in half $72 a year= $72×7=$504
