Ms.zling deposited $850 in a savings account that paid 4.25% simple interest. what was the balance in her account after two years?

 

   Ms.zling deposited $850 in a savings account that paid 4.25% simple interest.     

   what was the balance in her account after two years?     

 

                 Balance at                        Calculation of                           Balance at     

                 Beginning of Term            Simple Interest                         End of Term     

   1st yr        850.00                     0.0425 x 850.00 = 36.1250               886.12     

   2nd yr       886.12                     0.0425 x 886.12 = 37.6601               923.78     

   _.