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A principal of $850 is invested in an account at 8% per year simple interest. What is the account total after 5 years?

A principal of $850 is invested in an account at 8% per year simple interest. What is the account total after 5 years?
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1 vote
A principal of $850 is invested in an account at 8% per year simple interest. What is the account total after 5 years?

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User Ewomack
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7.9k points

1 Answer

3 votes
A=850×(1+0.08×5)
A=1,190
answered
User Ealeon
by
8.0k points
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