HELP ASAP! David invests $1000 in an account that earned 5.5% simple interest. How much money will be in his account in 24 months?

BrakNicku asked Apr 12, 2022

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22 votes

HELP ASAP!

David invests $1000 in an account that earned 5.5% simple interest. How much money will be in his account in 24 months?

BrakNicku asked Apr 12, 2022

2.6k points

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8 votes

Answer:

Explanation:

Interest is equal to principal times rate times time / 100

Interest =$110

Amount is equal to interest plus principal

Amount=$1110

Kris Rice answered Apr 18, 2022

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