SOLUTION: Nicole deposited $400 into an account that earns 5% simple interest. After 5 years, how much money will be in her account.

SOLUTION: Nicole deposited $400 into an account that earns 5% simple interest. After 5 years, how much money will be in her account.

Algebra.Com

Question 826672: Nicole deposited $400 into an account that earns 5% simple interest. After 5 years, how much money will be in her account.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=400*0.05*5
I=100
400+100=$500
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