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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
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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?

User Kamal Upasena
by
7.7k points

1 Answer

6 votes

Answer:

$107.60

Explanation:

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

= $107.60

User Jilseego
by
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