$600 at a rate of 2% per year simple interest.Calculate the value of Ali’s investment at the end of 5 years

To calculate the value of Ali's investment at the end of 5 years, we need to use the formula for simple interest which is:

I = PRT

where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time (in years)

In this case, P = $600, R = 2% (or 0.02 as a decimal), and T = 5 years.

First, calculate the interest:

I = PRT I = $600 * 0.02 * 5 I =$60

The value of the investment at the end of 5 years is the sum of the initial principal and the interest earned:

Value = P + I Value = $600 +$60 Value = $660

So, the value of Ali's investment at the end of 5 years would be $660.