Question

Use the simple interest to find the ending balance

Answer 1

It starts with 1,880 with 10% in simple interest. We should find 10 percent of 1,880 so we can find what it gains every 2 years. After that, we can make an equation involving the starting value, 1880, and the rate, 10% of 1880. After, we can replace X with 2 to find the balance after 2 years.
1,880×.1=188
1,880+ 188x=y
1,880+ 188(2)=y
1,880+ 376=y
2,256=y
The balance after 2 years is $2,256.