Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18) Thomas invests $112 in an account that pays 6 percent simple interest. How much money will Thomas have at the end of 4 years?

18) Thomas invests $112 in an account that pays 6 percent simple interest. How much money will Thomas have at the end of 4 years? A) $141.40 C) $133.39 D) $138.88 E) $145.60
image text in transcribed
18) Thomas invests $112 in an account that pays 6 percent simple interest. How much money will Thomas have at the end of 4 years? A) $141.40 B) $132.16 C) $133.39 D) $138.88 E) $145,60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions