Asked by Braylon
Florencehas$500inasavingsaccountthatearns14%annually.Theinterestisnotcompounded.Howmuchinterestwillsheearnin2years?
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
Use i = prt.
p = 500, r = 14% = 0.14, t = 2.
i = 500 × 0.14 × 2 = 500 × 0.28 = 140.
Florence will earn $140 in interest in 2 years.
p = 500, r = 14% = 0.14, t = 2.
i = 500 × 0.14 × 2 = 500 × 0.28 = 140.
Florence will earn $140 in interest in 2 years.
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