Choose the answer that best completes the sentence.
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The total money in her account after 3 years will be $530
<h2>Explanation:</h2>The Simple Interest Equation (Principal + Interest) , is given by the following equation:
Where:
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount (Prt)
r = Rate of Interest per year in decimal
t = Time Period involved in months or years
So here:
Substituting values:
Finally, the total money in her account after 3 years will be $530