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INTERESTING EXAMPLE #1: SIMPLE INTEREST
ha Audio Ineho's;
Kyra has been babysitting since 6th grade. She has
saved $1,000 and wants to open an account at the
bank so that she will earn interest on her savings.
Simple Bank pays simple interest at a rate of 10%.
QUESTION: How much money will Kyra have IN
TOTAL after one year, assuming she neither deposits
nor withdraws any money?

Respuesta :

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Answer:

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Step-by-step explanation:

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hahaimadvanced

Answer:

She will have $2,200

Step-by-step explanation:

Im assuming shes getting paid interest every month.

10% of 1,000 is 100

So, when you mulitiply 100 times 12

You get 1,200

You add that to the original amount of savings

And she ends up with $2,200

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