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Assuming a 7% (0.07) interest rate, $200 invested today in a savings account today will be worth $214 in one year. What will that amount
Assuming a 7% (0.07) interest rate, $200 invested today in a savings account today will be worth $214 in one year. What will that amount be in 2 and 3 years, and what is the total interest you will earn at the end of three years. Refer to the video in the information page for assistance in calculating simple interest. Question 1 options: Year 2: $114.49 Year 3: $122.50 Total Interest: $22.50 Year 2: $232.15 Year 3: $210.35 Total Interest: $78.95 Year 2: $228.98 Year 3: $245.01 Total Interest: $45.01 Year 2: $330.88 Year 3: $216.77 Total Interest: $10.25
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