Ask a New Question

Question

Scott deposits $1,000 in an account that earns 5% simple interest. What will the account be worth after two years?
15 years ago

Answers

Ms. Sue
1,000 * 0.05 = $50

2 * 50 = 100

1,000 + 100 = 1,100

15 years ago
help
can you help me ms.sue
15 years ago
Ms. Sue
Already posted.

15 years ago
Anonymous
Can you answer the question using the formula: I=Prt
15 years ago

Related Questions

Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much int... She deposits $5 or $3.50 into her account. She made 14 deposits which equaled $59.50. how many ti... deposits $1,000 now, $2,000 2 years from now, and $5,000 5 years from now into a fund paying 12% com... Scott deposits $5000 at the end of each year into an account for five years. Assuming 6% interest a... Ben deposits $1,750 into each of two savings accounts. • Account I earns 2.75% annual simple intere... A man deposits ​$15,000 at the beginning of each year for 15 years in an account paying ​4% compound... And deposits $20,000 into an account that pays simple interest at a rate of 2% per year Jim deposits... Ann deposits $80,000 into an account that pays 2% interest per year compounded annually Jim deposits... Where are most deposits of natural resources found?(1 point) Responses near rivers and streams nea... ane deposits $600 in her new savings account. She consistently deposits the same amount (x) into the...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use