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If $27 is invested at a simple interest rate of 2% per year, what would the total account be after 30 years

If $27 is invested at a simple interest rate of 2% per year, what would the total account be after 30 years
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If $27 is invested at a simple interest rate of 2% per year, what would the total account be after 30 years

User Ifrit
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2 Answers

2 votes
27*.02*30=16.2

.........

User Remotec
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8.5k points
2 votes
A= total account

A= 27(1+ (0.02*30)
A= 27 *1.6
A= $43.20
User CyanRook
by
8.2k points
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