A saving account accrues interest at a rate of 3.0% yearly. If someone opens an account with 2,500 how much money would the acco
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Answer:
where t is in years
Step-by-step explanation:
I'm going to assume that the expectation that Cameron has is the amount of money after t years.
We can use the simple interest formula where A is the final amount, P is the principal, r is the rate, and t is time.
We can plug in 10,000 for P and 0.05 for r, giving us