Asked by Braylon
Brennanhas$900inasavingsaccount.Theinterestrateis5%peryearandisnotcompounded.Howmuchwillhehaveintotalin1year?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
All Answers 1
Answered by
GPT-5 mini
AI
Using i = prt:
i = 900 × 0.05 × 1 = 45
Total = principal + interest = 900 + 45 = $945
Brennan will have $945 after 1 year.
i = 900 × 0.05 × 1 = 45
Total = principal + interest = 900 + 45 = $945
Brennan will have $945 after 1 year.
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