Question

Isabella earns simple interest on her savings account. She deposits $1,500 into her account and will ern inteest at 7% per year for two years How much will Isabella have in her account 2 years after her initial deposit?

Answer 1

take the 7% and make it into a Decimal which would be 0.07 and then subtract 0.07 twice from 1500 the answer is $1499.86