Question

angie has $1,550 in a savings account that pays 2.5% annual simple interest. If she does not make any deposits or withdrawals, how much money will Angie have in her account in 2 years? Quickly please!!

Answer 1

Answer: 31,000

Explanation:

I putted this into Desmos. I did 1,550 over 0.025 times 2 which would give you 31,000.

and 0.025 came from 2.5% by moving the decimal two places to the left.

Answer 2

1727.5

Explanation:

1550*0.025=88.75

Annual earn is 88.75

Two years is 88.75*2=177.5

Therefore, the amount of the account 1550+177.5=1727.5