Question

Jayden invests money in an account paying a simple interest of 7.6% per year. If he

invests $100 and no morley will be added or removed from the investment, how
much will he have in one year, in dollars and cents?

Answer 1

$107.60

Explanation:

100 [1 + (0.076 * 1)] = 107.6

= $107.60