cupidsan cupidsan

24-02-2020
Mathematics

contestada

Birute deposits $500 in a savings account with a simple interest rate of 1.3%
How could you use this information to find the interest she would earn in
4 years and determine the percent change in her savings account?

Respuesta :

musiclover10045 musiclover10045

24-02-2020

The formula for simple interest is:

A = P(1+ rt)

P = principal, r = interest rate, t = years

A = 500(1+0.013x4)

A = 526.00

Interest = 526-500= 26

They will earn $26 in interest

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