SOLUTION: Derek invested $1000. What would that money grow to in 18 months at a 5.55% annual simple interest rate?

Question 1075378: Derek invested $1000. What would that money grow to in 18 months at a 5.55%
annual simple interest rate?
Found 2 solutions by jorel1380, MathTherapy:
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
18/12 x .055=.0825
1000 x 1.0825=$1082.50 after 18 months. ☺☺☺☺
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

Derek invested $1000. What would that money grow to in 18 months at a 5.55%
annual simple interest rate?

Correct answer:
RELATED QUESTIONS
If I invested $1000.00. What would that money grow to in 18 months at a 5.5% interest... (answered by JulietG)
I am having trouble solving this word problem: An amount of money is invested at 4%... (answered by solver91311,cta1987)
How much money must be invested at 12% simple interest to earn $770 in 5... (answered by rfer)
If you pay $5,000 for a simple interest note that will be worth $6,000 in 18 months, what (answered by rfer)
$1000 is invested at 5% compounded monthly. to how much money will that grow in 10... (answered by rfer)
James plans to invest his $2,755.73 that he has saved in a money market account so that... (answered by Boreal)
James plans to invest his $2,755.73 that he has saved in a money market account so that... (answered by VFBundy)
Determine the simple interest rate at which $2400 will grow to $2500 in 8... (answered by jim_thompson5910,stanbon)
If $ 110000 is to grow to $ 250000 in ten years period, at what annual interest rate must (answered by josgarithmetic)