yaya1751123 yaya1751123

15-12-2020
Mathematics

contestada

2.If you put $8.45 into a savings account
that earns 5% simple interest, what is the
total amount you would receive at the end
of twelve years?

Respuesta :

josduran17 josduran17

15-12-2020

Answer:

You would earn $102 in interest after 12 years.

Step-by-step explanation:

i=interest (money you receive)

p=principal (money you start with)

r= rate ( the percentage)

t=time

i= p*r*t

i=8.45*.05*12

i=102

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