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9 February, 10:16

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?

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  1. 9 February, 12:57
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    Interest in a month

    2103.24 * (5.1/100) / 12

    8.938

    interest in 10 months

    8.938 * 10

    89.388

    Final account balance

    2103.24 + 89.388

    2192.628
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