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ms zling deposited 850 in a savings account that paid 4.25% simple interest. what was the balance at the end of 2 years
 Jan 26, 2014
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Gup.est:

ms zling deposited 850 in a savings account that paid 4.25% p.a.simple interest. what was the balance at the end of 2 years


I added p.a. (per annum because it really needed to be included in the question)

I = P x r x t
I = 850 x 0.0425 x 2
I = ..

After you get I, you have to add it to $850 to get the total.
 Jan 27, 2014

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