Asked by Anonymous

Scott deposits $1,000 in an account that earns 5% simple interest. What will the account be worth after two years?
Answered by Ms. Sue
1,000 * 0.05 = $50

2 * 50 = 100

1,000 + 100 = 1,100

Answered by help
can you help me ms.sue
Answered by Ms. Sue
Already posted.

Answered by Anonymous
Can you answer the question using the formula: I=Prt
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