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Samantha invests $11,000 at 5% simple interest for 1 year. How much is in the account at the end of the 1 year period?

Samantha invests $11,000 at 5% simple interest for 1 year. How much is in the account at the end of the 1 year period?
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4 votes
Samantha invests $11,000 at 5% simple interest for 1 year. How much is in the account at the end of the 1 year period?

User Thomas Kaliakos
by
7.3k points

1 Answer

4 votes
11000 x0.05 = 550
11000+550=11550
User Mohammad Adib
by
6.7k points
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