Monica has $600 in her savings account. She earns 3% simple interest. She keeps her money in the account for 2 years. At the end of the 2 years, how much money will she have in the account

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 2 years

P = $600

R = 3%

Therefore

I = (600 * 3 * 2) / 100

I = 3600/100

I = $36

She keeps her money in the account for 2 years. It means that at the end if 2 years, the money in her account would be

600 + 36 = $636