Question

$1500.00 in a simple interest savings account. Two years later, the total account balance is $1665.00.

What is the interest rate of the savings account?

What will be the total amount of money in the account after 8 years? $
please answer

Answer 1

interest rate=45.04

I after 8 years=5994

step on step explainaton:

I=PRT

1500=1665×r/100×2

r=45.04

I after 8 years= I=PRT

=1665×45/100×8=5994