Asked by Anonymous

If Sara deposited $700 at an interest rate of 6% for 5 years, and then decides to close her account, how much money will she have in total?

9 years ago

Answered by Ms. Sue

If it's simple not compound interest --

I = PRT
I = 700 * 0.06 * 5
I = ?

Add the interest to the principle.

9 years ago

Answered by Anonymous

I = $210?

9 years ago

Answered by Anonymous

or would I be 700+210 which is $910

9 years ago

Answered by Ms. Sue

Yes, you're right.

She will have a total of $910.

9 years ago

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