Question

Pablo put $1,260 into a savings account that earns 3% simple interest per year. He does not make any deposits or withdrawals. How much money will be in Pablo's account after 2 years?

Answer 1

$1,335.60

Explanation:

6% of $1,260 is $75.60. $1,260 + $75.60 = $1,335.60

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