Question

Help me please

Trina invests $ 16000 at a rate of 5% per year interest. Work out the value of her investment at the end of a year.

Answer 1

$ 16800

Explanation:

Simple Interest Value = Principal × Interest Rate × Time

0.05 × 16000 × 1 = $ 800

(Money invested + Interest = Total money in the account)

16000 + 800 = 16800

Trivia's Bank account will have $16800 at the end of one year.