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Algebra question PLEASE HELP! Jamal deposited $600 into a savings account tha will earn 2% simple interest. If Jamal keeps the money in the account for 2 years without making any deposits or withdrawls, how much money will he earn in interest. then they gave us an equation I = prt
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plug values into the formula you quoted: p = 600, r = 0.02, t = 2
so interest = I = 600*0.02 * 2 = 24 dollars (0.02 = 2% = 2/100)
u ok with that Nick V?
yea
good
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ok so there is a part B to to the question it says How much money will he have in his account including interest after 2 years. would that just be the $600 + the $24 interest?
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