Question

an account invested 5000 at a simple interest rate of 8% for 2 years.What total amount of money will she have from her investment?

Answer 1

Answer:

$5800 total in the investment or $800 of interest

Step-by-step explanation:

Simple Interest Rate Formula:

A=P(1+rt)

P-Principle

r- rate

t- time (yrs)

A= 5000(1+0.08)* 2= $5800