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Answered

Henry deposited $250 into a savings account that earns 1.9% simple interest. How much will his account be worth at the end of 10 years?

Answer :

Answer:

$297.5

Step-by-step explanation:

I = Prt/100

I = Interest

P = Amount deposited initially

r = Rate

t = number of years

I = Prt/100

 = 250 × 1.9 × 10 / 100

 = 25 × 1.9

 = 47.5

That is the interest

The total amount in his account will be Initial amount + interest

250 + 47.5

= $297.5

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