Montraie invests money in an account paying a simple interest of 6.8% per year. If he invests 130 and no money will be added or removed from the investment, how much will he have in one year, in dollars and cents?

Solução

Solução

Amount : 138.84

Passos da solução

Translate the problem into an equation:

A = 130 (1 + 0.068 \cdot 1)

130 (1 + 0.068 \cdot 1) = 138.84

Amount : 138.84

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