Question

INTERESTING EXAMPLE #1: SIMPLE INTEREST

ha Audio Ineho's;
Kyra has been babysitting since 6th grade. She has
saved $1,000 and wants to open an account at the
bank so that she will earn interest on her savings.
Simple Bank pays simple interest at a rate of 10%.
QUESTION: How much money will Kyra have IN
TOTAL after one year, assuming she neither deposits
nor withdraws any money?

Answer 1

3d4cf4tg6g6g5yfrr3

5

Explanation:

rc4g5g6g5f4d4f

Answer 2

She will have $2,200

Explanation:

Im assuming shes getting paid interest every month.

10% of 1,000 is 100

So, when you mulitiply 100 times 12

You get 1,200

You add that to the original amount of savings

And she ends up with $2,200