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1. $200 is deposited into an account that earns 6% simple interest annually. How much money would be in the account in total after 5 years?
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1. $200 is deposited into an account that earns 6% simple interest

annually. How much money would be in the account in total after 5
years?

User Rasmusvhansen
by
7.9k points

1 Answer

7 votes

Answer:

$260

Explanation:

0.06 x 200 = 12

12 x 5 = 60

200 + 60 = 260

User Thirupparan
by
8.8k points
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