Question

Rachel invested $2,700 in a savings account earning 7% simple interest. If she invests for

2 years, how much money will she have in total?

Answer 1

We know that:

Formulate and substitute:F=2700+2700rt

Calculate the product or quotient:2700 times 1 +0.14

Calculate the sum or difference:2700 times 1.14

Calculate the product or quotient:3078

Answer: 3078

Thanks (81)Step-by-step explanation: