Question

Paisley invests money in an account paying a simple interest of 8.9% per year. If she invests $80 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?

Answer 1

Explanation:

A=P(1+rt)

A=80(1+0.089)

A=80(1.089)

A=$87.12