To calculate the total amount in the savings account after 5 years with 4.4% simple interest, we use the formula:
Total amount = Principal + (Principal * Interest rate * Time)
Plugging in the values:
Total amount = $2,275 + ($2,275 * 4.4% * 5)
Total amount = $2,275 + ($2,275 * 0.044 * 5)
Total amount = $2,275 + ($502 * 5)
Total amount = $2,275 + $2,510
Total amount = $4,785
Therefore, the total amount in the savings account after 5 years with 4.4% simple interest will be $4,785.
2,275 is deposited into a savings account that earn =s 4.4% simple interest for 5 years
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