SOLUTION: What is the simple interest when $1,000 is invested at 4 1/4% for 2 years?

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Question 116086: What is the simple interest when $1,000 is invested at 4 1/4% for 2 years?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
1000(1+.0425)^2
1000(1.0425)^2
1000*1.0868=$1,086.80 ANSWER FOR THE AMOUNT AFTER 2 YEARS.