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nika2105 [10]
3 years ago
8

What is the solution for s in A=ys+y

Mathematics
1 answer:
Maru [420]3 years ago
5 0
S = A -y/ y
(This is the possible answer that I could get for s)

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A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after 4 years?
stiv31 [10]
The formula of the Simple Interest is:
I=PRT
P for Principle Amount     ($1200)
R for Rate                        (5%=\frac{5}{100} = 0.05)
T for Time in years          (4 years)
I = 1200 × 0.05 × 4
  = $240

Add the interest to the principle amount to check the balance
$1200 + $240 = $1440

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