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lakkis [162]
3 years ago
5

Rapunzel has a savings account with $880 in it that earns 9.4% simple interest per year. How much money will Rapunzel have in 10

years?
Mathematics
1 answer:
Artist 52 [7]3 years ago
7 0

Answer:

$1707.2

Step-by-step explanation:

Given data

Principal= $880

Rate= 9.4%

Time= 10years

The simple interest formula is

A= P(1+rt)

substitute into the formula to solve for A

A= 880(1+0.094*10)

A=880(1+0.94)

A=880*1.94

A=$1707.2

Hence the Amount after 10 years is $1707.2

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