Question

How much money will be in the account at the end of 2 years if $134 is invested at 5.125% earning simple interest?

Answer 1

here's the answer. sorry for the cancellations

Answer 2

$ 147.74

Explanation:

P = $ 134

t = 2 years

r = 5.125% = 0.05125

Interest = P*r*t

= 134 * 2 * 0.05125

= 13.735

= $ 13. 74

Total money = P + interest

= 134 + 13.74

= $ 147.74