02-10-2019
Mathematics

contestada

Sophie deposits
$950
into a bank account. The bank pays a simple interest rate of
8%
per year. What will Sophie's balance be after five years?

Respuesta :

02-10-2019

Answer:

$1330

Step-by-step explanation:

I = PRT/100

I = (950)(8)(5)/100

= $380

Balance aft 5 years = $950 + $380

= $1330

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