Asked by Braylon
Keithhas$90,000inasavingsaccountthatearns8%interestperyear.Theinterestisnotcompounded.Howmuchwillhehaveintotalin2years?
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 = \$90,000, r = 0.08, t = 2.
Interest i = prt = 90,000 × 0.08 × 2 = 14,400.
Total = principal + interest = 90,000 + 14,400 = \$104,400.
Interest i = prt = 90,000 × 0.08 × 2 = 14,400.
Total = principal + interest = 90,000 + 14,400 = \$104,400.
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