Calculate the amount of money​ you'll have at the end of the indicated time period.
You invest ​$2000 in an account that pays simple interest of 4​% for 10 years.
The amount of money​ you'll have at the end of 10 years is ​$_____.

To calculate the amount of money you'll have at the end of 10 years with simple interest, we use the formula for simple interest:

\[
A = P + (P \cdot r \cdot t)
\]

Where:
- $A$ is the total amount at the end of the period,
- $P$ is the principal amount (initial investment),
- $r$ is the annual interest rate (expressed as a decimal),
- $t$ is the time in years.

In your case:
- $P = 2000$,
- $r = 4\% = 0.04$,
- $t = 10$ years.

Now, let's calculate:

\[
A = 2000 + (2000 \cdot 0.04 \cdot 10)
\]
\[
A = 2000 + (2000 \cdot 0.4)
\]
\[
A = 2000 + 800 = 2800
\]

So, the amount of money you'll have at the end of 10 years is **$2800**.

Do you want further details or have any questions?

Here are 5 related questions for further understanding:
1. How does compound interest compare with simple interest in this scenario?
2. What happens if the interest rate increases to 5%?
3. How much interest would you earn if the investment was for only 5 years?
4. Can you calculate the interest earned in 10 years without adding it to the principal?
5. What would be the final amount if you invested $3000 instead of $2000?

**Tip:** Always ensure to convert percentages into decimal form when using interest formulas.

Calculate the amount of money you'll have at the end of the indicated time period. You invest $2000 in an account that pays simple interest of 4% for 10 years. The amount of money you'll have at the end of 10 years is $_____.

Learn how to calculate the total amount of money after investing $2000 at a 4% simple interest rate for 10 years. This example covers simple interest calculations and key arithmetic principles. Suitable for students in Grades 6-8.

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