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Samantha invests $11,000 at 10% simple interest for 1 year. How much is in the account at the end of the 1 year period?
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20 votes
20 votes
Samantha invests $11,000 at 10% simple interest for 1 year. How much is in the account at the end of the 1 year period?

User Jwalin Shah
by
3.6k points

1 Answer

11 votes
11 votes

Answer:

12100

Explanation:

I = PRT

plug in the numbers and don't forget you need to add the first number again

I = 11000 × .10 × 1 + 11000

User Jeff Ling
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3.4k points
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