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Mandy has $20 in a savings account the interest rate is 10% per year and is not compounded. how much will she have in one year.

Mandy has $20 in a savings account the interest rate is 10% per year and is not compounded. how much will she have in one year.
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Mandy has $20 in a savings account the interest rate is 10% per year and is not compounded. how much will she have in one year.

Mandy has $20 in a savings account the interest rate is 10% per year and is not compounded-example-1
User Joannes Vermorel
by
8.3k points

1 Answer

3 votes
She will have $22

P R T
20 x 1.1 x 1
22

User Gevaraweb
by
7.8k points
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