Question

Monico invests $9,000 at 2% simple interest for 1 year. How much is in the account at the end of the 1 year period ?

Answer 1

There will be $8820 in Monico's account at the end of the one year period.

Explanation:

9000*0.02 = 180

9000 - 180 = 8820

Have a nice day! :-)

Answer 2

9180

Explanation:

9000*1.02