Gerold invested $6,200 in an account that pays 5 percent simple interest. How much money will he have at the end of ten years?
A)$8,710
B)$9,000
C)$9,300
D)$9,678
E)$10,099

Name: Gerold invested $6,200 in an account that pays 5 percent simple interest. How much money will he have at the end of ten years? A)$8,710 B)$9,000 C)$9,300 D)$9,678 E)$10,099
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Question

Quizplus · Accepted Answer

Ending value = $6,200 + ($6,200 F1F1F1S1F1F1F10 .05 F1F1F1S1F1F1F10 10) = $9,300

Gerold Invested $6,200 in an Account That Pays 5 Percent