True. The simple interest formula calculates only the interest earned over a specific time period. To find the total account value at the end of that time, you need to add the interest amount to the principal amount.
The simple interest formula only gives the interest earned. You will need to add the interest amount to your principal amount to find the total account value at the end of the time period. *Remember to use your STAAR Reference Sheet for support! (1 point) Responses True True False False
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