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An account earns annual simple interest. Find the balance of the account.

 

Question 1 $250 at 4% for 2 years 

 

Question 2 $2000 at 9% for 6 months 

 Jan 30, 2018
 #1
avatar+99659 
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For both questions....

 

First....find the interest earned  [ I know you can do this.....]

 

Second....add the interest you calculated back to the original amount

 

This will give you the balance.....let me know if you get stuck

 

 

 

cool cool cool

 Jan 30, 2018
 #2
avatar+290 
+1

for Question 1 I got $270 

 

and for Question 2 I got $2090

 

is that okay?

Nerd123  Jan 30, 2018
 #4
avatar+99659 
0

Excellent  !!!!!

 

cool cool cool

 Jan 30, 2018

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