Asked by Braylon
Victoriahas$700inasavingsaccount.Theinterestrateis7%peryearandisnotcompounded.Howmuchwillshehaveintotalin5years?
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
p = \$700, r = 7% = 0.07, t = 5 years.
Interest i = prt = 700 × 0.07 × 5 = \$245.
Total = principal + interest = 700 + 245 = \$945.
Interest i = prt = 700 × 0.07 × 5 = \$245.
Total = principal + interest = 700 + 245 = \$945.
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