Question

matt deposited $2,000.00 in the bank . If the rate of simple interest was 10% , what was the amount of money Matt had in the bank after 5 years if he made no withdrawls

Answer 1

2000 × 1.1 = 2200 × 1.1 = 2420 x 1.1 = 2662 x 1.1 = 2928.20 x 1.1 = 3221.02