Your paycheck this week is $241. You put the $114 in a savings account that pays an interest
1 answer:
Answer:
$122.9
Step-by-step explanation:
Given data
Principal= $114
Rate= 3.9%
Time= 2 years
The amount in the account is given as
A=P(1+rt)
substitute
A=114(1+0.039*2)
A=114(1+0.078)
A=114(1.078)
A=$122.9
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