Register
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?
214k views
3 votes
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
4.8k 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
4.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!