SOLUTION: Tessah as $80 in a savings account that earns
5%
annually.The interest is not compounded.How much interest will she earn in 1 year?
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Question 1062204: Tessah as $80 in a savings account that earns
5%
annually.The interest is not compounded.How much interest will she earn in 1 year?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Tessah has $80 in a savings account that earns 5%
annually.
The interest is not compounded.How much interest will she earn in 1 year?
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I = P*r*t
Interest = 80*0.05*1 = 0.8*5 = $4.00
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Cheers,
Stan H.
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