Question
Scott deposits $1,000 in an account that earns 5% simple interest. What will the account be worth after two years?
Answers
Ms. Sue
1,000 * 0.05 = $50
2 * 50 = 100
1,000 + 100 = 1,100
2 * 50 = 100
1,000 + 100 = 1,100
help
can you help me ms.sue
Ms. Sue
Already posted.
Anonymous
Can you answer the question using the formula: I=Prt