My question is: A person puts $5600 in a bank for two years. Each year he earns interest of 7% of the original amount deposited. How much will this person have in the bank after two years? Your thoughts:
User
The interest that this person will get equals $5600 * 7% / year * 2 years = $784. After two years the amount found at the bank is $5600 + $784 = $6384. The final answer: 6384.
Assistant