gabelix gabelix
  • 28-04-2016
  • Mathematics
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Samuel has $550 dollars in his savings account. If his bank pays 1.25% annual simple interest and he makes no further withdraws or deposits, how much money will be in the account after 3 years ?

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LizD
LizD LizD
  • 28-04-2016
P x R x T = Simple Interest
550 x 0.0125 x 3 = SI
SI = $20,625
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