Inactive Tutor answered • 02/05/18
Tutor
New to Wyzant
Simple Interest: I = prt
I = 600(0.05)(2) = $60
Final amount in account is principal plus interest = $660
Alyssa D.
asked • 02/05/18$600 at 5% for 2 years
What is the balance of the account
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2 Answers By Expert Tutors
Inactive Tutor answered • 02/05/18
Tutor
New to Wyzant
A = p(1 + r)t
A = 600(1 + 0.05)(2)
Can you calculate and answer?
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Inactive Tutor
02/05/18