Question

Jessica has $80,000 in a savings account that earns 15% interest per year. The interest is

not compounded. How much will she have in total in 2 years?

Answer 1

24,000

Explanation:

first multiply 80,000 and 30 because 15 + 15 from two years is 30.

Then you get 2400000 then divide that by 100 which gives you

24,000 as your answer.