Sam has an investment of $200 that is expected to earn 10%. How much will the investment be worth at the end of the first year if the investment earns simple interest

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Sep 21, 2023 74.1k views

16 votes

Sam has an investment of $200 that is expected to earn 10%. How much will the investment be worth at the end of the first year if the investment earns simple interest

Business
high-school

Wave asked

by Wave

6.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

9 votes

Answer:

220

Step-by-step explanation:

10% of 200 is 20 so 10% plus 200

is 220

Bikineev answered Sep 27, 2023

by Bikineev

6.7k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.5m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions