Question

Lillian invests money in an account paying a simple interest of 6.6% per year. If she invests $160 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?

Answer 1

Answer:

Lillian will have $170.56 in one year

Step-by-step explanation:

First we have to figure out what is 6.6% of 160.

160 * 6.6% = 10.56

Now we just add 160 with the 6.6% to figure out the answer.

160 + 10.56 = 170.56

So, the answer is 170.56 dollars.

Hope this helps! :)

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