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jojo159 jojo159
  • 29-05-2016
  • Mathematics
Answered

200 at 6% how much will Rachel have in her account in 10years

Verified Answer :

apologiabiology
apologiabiology apologiabiology
  • 29-05-2016

simple interest
I=PRT
I=interst
P=principle (present amount)
R=rate (in decimal)
T=time in years

200=Principal
6%=0.06=R
T=10 years

I=200(0.06)(10)
I=12(10)
I=120

ok so she earns 120
add that
200+120=320


she has $320 after 10 years

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