Question 1026201

On your birthday, you placed $500 in an account bearing 6% simple interest per
year. One year later, you placed another $500 in the same account. How much is in the account one year after that?
<pre>You start the 2nd year with $530 + 500, or $1,030
$1,030 + $1,030 @ 6% for 1 year = {{{highlight_green(matrix(1,1, "$1,091.80"))}}}