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Submit Answer 7. Ben invests $500 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be…

Submit Answer 7. Ben invests $500 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be…
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Submit Answer 7. Ben invests $500 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 2 years?

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User Beier
by
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1 Answer

2 votes
1 year 500 x .06 = 30.00
2 year 530 x .06 = 31.80

Answer 531.80
answered
User MSurrow
by
8.0k points
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