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Anonymous Anonymous
  • 09-02-2017
  • Mathematics
Answered

Scott deposits 1000 in an account that earns 5% simple interest. What will the account be worth after two years

Verified Answer :

Anonymous Anonymous
  • 09-02-2017

S.I.=\(\frac{PRT}{100}\)
p=1000
r=5%
t=2 years
S.I.=\(\frac{1000*5*2}{100}\)
S.I=100
amount=p+s.i.
1000+100
=1100

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