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20 votes
Abigail has $10 in a savings account. The interest rate is 15% per

year and is not compounded. How much will she have in 3 years?

User Kztd
by
8.3k points

1 Answer

9 votes

1. Formula:

D x R x Y

2. Solve

= 10 x 0.15 x 3

= $4.50

Abigail will have $4.50 in three years.

Key:

D = Dollars

R = Percentage Rate

Y = Years

Hope this helped! Have a nice day! :D

User Ben Challenor
by
8.0k points

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