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

asked Feb 22, 2018 193k views

2 votes

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1 vote

S.I.=

p=1000
r=5%
t=2 years
S.I.=
(1000*5*2)/(100)

S.I=100
amount=p+s.i.
1000+100
=1100

Todd Knarr answered Feb 25, 2018

5.9k points

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