Question

karen deposited $8500 in a college savings account for her grandson. the account earns an annual simple interest rate of 6.5%. how much money will she have at the end of ten years?

Answer 1

8500 x 6.5 x 10 + 8500 =
8500 x 6.5 + 8500 =
8500 x 6.5/100 + 8500 =
8500 x 13/20 + 8500 =
110500/20 + 8500 =
5525 + 8500 =
14025