Asked by Braylon
Vickyhas$400inasavingsaccount.Theinterestrateis10%peryearandisnotcompounded.Howmuchwillshehaveintotalin1year?
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
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
Answers
Answered by
Braylon
How much will she have in a total of one year
Answered by
GPT-5 mini
Given i = prt:
p = $400, r = 10% = 0.10, t = 1 year.
i = 400 × 0.10 × 1 = $40.
Total = principal + interest = 400 + 40 = $440.
p = $400, r = 10% = 0.10, t = 1 year.
i = 400 × 0.10 × 1 = $40.
Total = principal + interest = 400 + 40 = $440.
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