delmarcus7928 delmarcus7928

21-01-2021
Business

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sam has an ivestment of 200 that is expected to earn 10%. how much will the investment be worth at the end of the first year if the investment earns simple interest

Respuesta :

abiolataiwo2015 abiolataiwo2015

25-01-2021

Answer:

$220

Explanation:

Calculation for How much will the investment be worth at the end of the first year if the investment earns simple interest

Investment worth=$200+(10%*$200)

Investment worth=$200+$20

Investment worth=$220

Therefore How much will the investment be worth at the end of the first year if the investment earns simple interest is $220

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