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$250 is invested at a bank that pays 7% simple interest. calculate the amount of money in the account after 1 year, 3 years, 7 years, and 20 years

$250 is invested at a bank that pays 7% simple interest. calculate the amount of money in the account after 1 year, 3 years, 7 years, and 20 years
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5 votes
$250 is invested at a bank that pays 7% simple interest. calculate the amount of money in the account after 1 year, 3 years, 7 years, and 20 years

User Vansan
by
7.8k points

1 Answer

4 votes
7% of 250 -> .07 .250 -> 7.5

=600
User Jnesselr
by
8.5k points
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