Question

Toby deposited $2,103.24 in a savings account that earns 5.1% simple interest. What will Toby’s account balance be in 10 months?

$2,210.51

$2,103.24

$2,192.63

$3,175.89

Answer 1

(2103.24 *5.1* 0.833)/100= 89.38.....therefore balance= 2103.24+89.38= $2192.63