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10 January, 10:01

You have $40 in your savings your interest rate is 10% how much will you have in 2 years

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  1. 10 January, 13:59
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    By 2 years, you will have a total of $48.00 in your savings account, assuming you don't withdraw the money from the bank.

    Step-by-step explanation:

    Formula:

    Simple Interest = Interest Rate x Principal Balance

    8 = 0.20 x 40

    Add principal balance and simple interest and you get $48.

    *I multiplied 0.20 because you wanted two years' worth of interest.
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