Question

Bill put $1000 into a simple interest saving account that earns 6.25% interest. How much will

the account be worth in 5 years?

Answer 1

1,800

Explanation:

divide 1,000 by 6.25 and we get

160 then we multiply 160 by 5 and we

get 800 so Bill's Bill's bank account will be worth

1,800 in 5 years