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JD opened a savings account with $400. The simple interest rate is 3% per year. How much total money, including interest, will be in his account after 2 years?
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JD opened a savings account with $400. The simple interest rate is 3% per year.

How much total money, including interest, will be in his account after 2 years?

User Alex Polkhovsky
by
8.3k points

1 Answer

1 vote

Answer:

$424

Explanation:

3%=0.03

400X0.03=12

12X2

24(2 YEARS)

400+24=$424

User TheGeoff
by
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