Question

Jermanie earned $2000 during the summer. He plans to put the money in a savings account and leave it for 40 years. The account will earn 9% simple interest annually. What will the balance be after 40 years?

Answer 1

9,200$ is what he would have after the 40 years

Explanation:

9% of 2,000$ is 180$

take the 180$ and multiply it by 40 (40 is the years)

and you get 9,200$