Question

Khloe invests money in an account paying a simple interest of 7% per year. If she invests $140 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

• $149.80

Explanation:

It is going to be:

• $140 + 7% of $140 =
• $140 + $140*0.07 =
• $140*1.07 =
• $149.80