Question

when adam started his career, he placed $500 in a savings account with a 2.7% simple interest rate. how much will be in the account in total after he retired in 30 years?

Answer 1

405 is the correct answer

Answer 2

$405

Explanation:

500 x 2.7% (or 0.027) = $13.50

13.50 x 30 = $405