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 4 years
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Question 1027361: 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 4 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 = 4, so we have
I = (500)(.021)(4) = $42.00
so the total is
$542.00
