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

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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) About Me  (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) About Me  (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: highlight_green%28%22%241%2C083.25%22%29