Theodore invests \( \$ 11,000 \) at \( 14 \% \) simple interest for 1 year. How much is in the account at the end of the year period? Answer: \( \$ \)

To find out how much Theodore has at the end of the year, you first calculate the interest using the formula for simple interest: \[ \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} \] Substituting in Theodore's values: \[ \text{Interest} = 11000 \times 0.14 \times 1 = 1540 \] Now, add the interest to the principal to find the total amount in the account: \[ \text{Total Amount} = \text{Principal} + \text{Interest} = 11000 + 1540 = 12540 \] So, at the end of the year, Theodore will have \( \$ 12,540 \). Thus, the answer is \( \$ 12,540 \).