Asked by aiden
Christinahas$80,000inasavingsaccount.Theinterestrateis7%peryearandisnotcompounded.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
Use i = prt.
p = 80,000, r = 0.07, t = 2
i = 80,000 × 0.07 × 2 = 11,200
Total = principal + interest = 80,000 + 11,200 = $91,200.
p = 80,000, r = 0.07, t = 2
i = 80,000 × 0.07 × 2 = 11,200
Total = principal + interest = 80,000 + 11,200 = $91,200.
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