If you put $600 into a savings account that pays simple interest of 10% per year and then withdraw the money two years later,you will earn interest of $126.

Question

Quizplus · Accepted Answer

The calculation for simple interest is correct, which is $120 for two years with an interest rate of 10%. However, the question states that you will earn interest of $126, which is incorrect. Therefore, the answer is false.

If You Put $600 into a Savings Account That Pays