Question

Debbie has $460 in a savings account that earns 8% annually. If the interest is not compounded, how much interest will she earn in 5 years?

Answer 1

She earned $184 in interest
$644 In all

Here's why:
The formula is Interest = Principal x Rate x Time
I = 460 x 8% x 5 or I = 460 x 0.08 x 5. PEMDAS
460(0.08) = 36.8
I = 36.8 x 5
36.8 x 5 = 184
I = $184
To find them in all, add the original amount she deposited with the interest.
460 + 184 = 644
In all: $644

Answer 2

The answer to your question is $184.00

i took the test and i made sure i just got finished with it, i got it right. and the other person that answered is wrong, he/ she didn't do something right. BTW i am not trying to be mean i just don't want others getting it wrong. i think he/ she might have missed a step.

make sure you have the same question or you might get it wrong too.

$184.00