Question

Calculate the amount of money you'll have at the end of the indicated time period.
You invest $1000 in an account that pays simple interest of 6% for 30 years.
The amount of money you'll have at the end of 30 years is $​

Answer 1

Step-by-step explanation:

Simple Interest = PTR/100

=1000* 30* 6/100

=1800.

Amount= Principal + Interest

= 1000+1800

= $2800