Answer:
B
Step-by-step explanation:
That is my final answer so I maybe wrong so don't take my word for it
Answer:
She will not have enough. She will only have $1480.
Step-by-step explanation:
The formula for simple interest is A=P(1+rt)
A=final amount
P=initial amount
r=interest rate per month
t=time in months
A=1000(1+(0.02)(24))=1480
Rachel will not have enough money after two years (24 months.)
Hope that helps!
3/12
5/12
9/24 or aka 3/8
7/24
13/36
11/36
