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Nat2105 [25]
3 years ago
11

Sylvia deposits $50 into a savings account with a 2% interest rate. Using the formula for simple interest, how much will she hav

e in the account in 5 years?
History
1 answer:
goldfiish [28.3K]3 years ago
7 0

It's about 54.1324

You use the simple interest rate formula (that i learned)

A= (1+rt)

A is the final amount

P is the principal (original amount)

t is time

r is the interest rate

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