Asked by Braylon
Paulahas$600inasavingsaccountthatearns5%interestperyear.Theinterestisnotcompounded.Howmuchwillshehaveintotalin2years?
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
Given p = \$600, r = 0.05, t = 2.
i = prt = 600 × 0.05 × 2 = \$60.
Total = principal + interest = 600 + 60 = \$660.
i = prt = 600 × 0.05 × 2 = \$60.
Total = principal + interest = 600 + 60 = \$660.
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