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HELP ASAP! David invests $1000 in an account that earned 5.5% simple interest. How much money will be in his account in 24 months?

HELP ASAP! David invests $1000 in an account that earned 5.5% simple interest. How much money will be in his account in 24 months?
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HELP ASAP!

David invests $1000 in an account that earned 5.5% simple interest. How much money will be in his account in 24 months?

User Naufal Fikri
by
8.3k points

1 Answer

1 vote

Answer:

Explanation:

Interest is equal to principal times rate times time / 100

Interest =$110

Amount is equal to interest plus principal

Amount=$1110

User Celestine
by
8.3k points
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