SOLUTION: What is the simple interest for $450 invested in a savings account for 2.25% for 2 years?
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: What is the simple interest for $450 invested in a savings account for 2.25% for 2 years?
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 733429
:
What is the simple interest for $450 invested in a savings account for 2.25% for 2 years?
Answer by
checkley79(3341)
(
Show Source
):
You can
put this solution on YOUR website!
450(1+.0225)^2
450(1.0225)^2
450*1.0455=$470.48 ans.