Question

Cher invested $10,000 in an account that earns 2% simple interest. If Cher makes no more deposits or withdrawals, then what will her account balance be at the end of 3 years?

a
$600.00
b
$9,400.00
c
$16,000.00
d
$10,600.00

Answer 1

Answer: D

Step-by-step explanation: The answer is D. 2% of 10,000 is $200, that multiplied by 3=$600. Hope this helped.