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Joan deposited $550 into her savings account for two years. She received 1.8% simple
interest on her money. How much money did she have at the end of the two year term?

Respuesta :

fayemioluwatomisin

Answer:$569.8

Step-by-step explanation:

To find the amount received for$550 deposited for 2yrs at 1.8% per annum

I=prt/100

I=550×1.8×2/100

I=$19.8

To find the whole money deposited after 2yrs

A=I+p

A=$19.8+550

A=$569.8

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