If Sara deposited $700 at an interest rate of 6% for 5 years, and then decides to close her account, how much money will she have in total?

Answer 1

If it's simple not compound interest --

I = PRT
I = 700 * 0.06 * 5
I = ?

Add the interest to the principle.

Answer 2

I = $210?

Answer 3

or would I be 700+210 which is $910

Answer 4

Yes, you're right.

She will have a total of $910.