Question

A bank pays 2.5% simple interest each year on savings accounts. Judith puts $600 in her account. How much money will be in this account in one year if no other money is put into the account?

Answer 1

$615

Explanation:

600(1.025) = 615

Answer 2

$615

Explanation:

2.5 percent of 600 Is 15. then add 15 to 600 and it yields 615.