Question

Sadie has $14,685 in a savings account. The interest rate is 13% per year and is not compounded. To the nearest cent, how much will she have in one year?

use the formula I = PRT, where I is the interest earned, p is the principal, R is the interest rate expressed as a decimal, and T is the time in years.

round your answer to the nearest cent ​

Answer 1

$16,594.05

Explanation:

13 * 14,685/100 = 1,909.05

14,685 + 1,909.05 = 16,594.05