Jermanie earned $2000 during the summer. He plans to put the money in a savings account and leave it for 40 years. The account w
ill earn 9% simple interest annually. What will the balance be after 40 years?
1 answer:
Answer:
9,200$ is what he would have after the 40 years
Step-by-step explanation:
9% of 2,000$ is 180$
take the 180$ and multiply it by 40 (40 is the years)
and you get 9,200$
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