SOLUTION: taylor earns 2.1% simple interest per year on her savings. if she puts $500 into a savings account, how much will she have in the account at the end of 3 years

SOLUTION: taylor earns 2.1% simple interest per year on her savings. if she puts $500 into a savings account, how much will she have in the account at the end of 3 years

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Question 1027362: taylor earns 2.1% simple interest per year on her savings. if she puts $500 into a savings account, how much will she have in the account at the end of 3 years
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Simple interest is found by
I = Prt
Here we have P = $500, r = 2.1% = .021 and t = 3, so we have
I = (500)(.021)(3) = $31.50
so the total is
$531.50
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