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

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Torus asked Aug 23, 2022

13,160 views

17 votes

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?

Mathematics
high-school

Torus asked Aug 23, 2022

by Torus

3.3k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

15 votes

Answer: $149.8

Explanation:

Find the 1% of the 140 which is 1.4 because 140/100 = 1.4

Times by 7 to get 7%. 1.4 x 7 = 9.8

Add them together. 140+9.8 = 149.8

Younes Charfaoui answered Aug 29, 2022

by Younes Charfaoui

2.7k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions