Question

Theodore invests $20,000 at 6% simple interest for 1 year. How much is in the account at the end of the 1

year period?
Answer:

Answer 1

$21200

Explanation:

6% × 20000 = 1200.

20000 + 1200 = 21200

basically yout find 6% of 20000 then add it the original 20000