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Sam has an investment of $200 that is expected to earn 10%. How much will the investment be worth at the end of the first year if the investment earns simple interest

Sam has an investment of $200 that is expected to earn 10%. How much will the investment be worth at the end of the first year if the investment earns simple interest
asked 74.1k views
16 votes
Sam has an investment of $200 that is expected to earn 10%. How much will the investment be worth at the end of the first year if the investment earns simple interest

asked
User Wave
by
7.9k points

1 Answer

9 votes

Answer:

220

Step-by-step explanation:

10% of 200 is 20 so 10% plus 200

is 220

answered
User Bikineev
by
8.0k points
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