Question

Scott deposits 1000 in an account that earns 5% simple interest. What will the account be worth after two years

Answer 1

S.I.=
`(PRT)/(100)`
p=1000
r=5%
t=2 years
S.I.=
`(1000*5*2)/(100)`
S.I=100
amount=p+s.i.
1000+100
=1100