Question

Six years ago, Kelsey opened a savings account that earns 1.2% simple interest every year. She started the account with $600 and has not touched the account since. How much money is in the account now? Show Work!

Answer 1

Kelsey has $643.2 in her account

Explanation:

1.2% of 600 is 7.2

meaning, $7.2 are added to his account each year.

to find how much money he has after 6 years, multiple 7.2 ($) by 6 (years).

which is equal to 43.2

600 plus 43.2 is 643.2