# SOLUTION: Jamal deposited \$600 into a savings account that will earn 2 percent simple interest.If Jamal keeps the money in the account for 2 years without making any deposits or withdrawals,

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 Click here to see ALL problems on Money Word Problems Question 564654: Jamal deposited \$600 into a savings account that will earn 2 percent simple interest.If Jamal keeps the money in the account for 2 years without making any deposits or withdrawals,how much money will he earn in interest.the second question is how much money will he have in his account including interest after 2 years?Answer by stanbon(57967)   (Show Source): You can put this solution on YOUR website!Jamal deposited \$600 into a savings account that will earn 2 percent simple interest.If Jamal keeps the money in the account for 2 years without making any deposits or withdrawals,how much money will he earn in interest. I = Prt Interest = 600*0.02*2 = \$24.00 -------------------------------------------- the second question is how much money will he have in his account including interest after 2 years? A = P + Prt A(2) = 600 + 24 = \$624 ================================= Cheers, Stan H. ---------------------------