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1 August, 12:59

Sylvia deposits $50 into a savings account with a 2% interest rate. Using the formula for simple interest, how much will she have in the account in 5 years?

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  1. 1 August, 16:28
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    It's about 54.1324

    You use the simple interest rate formula (that i learned)

    A = (1+rt)

    A is the final amount

    P is the principal (original amount)

    t is time

    r is the interest rate
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