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Setler [38]
3 years ago
6

chris invests $14,000 at 4% simple interest for 2 year. How much is in the account at the end of the 2 years period?

Mathematics
1 answer:
Charra [1.4K]3 years ago
4 0
<em>Hi there,</em>

Principle Amount = $14000

Interest for 1 year = 4% x 14000 = 0.04 x 14000 = $560
Interest for 2 years = 560 x 2 = $1120

Total amount at the end of the period = $14000 + $1120 = $15120

Answer: $15120

<em>Hope it helps,</em>
<em>TF</em>
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