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EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15% simple interest. How much money will be in his ac…

EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15% simple interest. How much money will be in his ac…
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3 votes
EXTRA POINTS!! Sam earned $340 as a lifeguard last summer. He wants to deposit this money in a savings account that earns 3.15% simple interest. How much money will be in his account after 5 years?

User Thomas Burke
by
7.7k points

2 Answers

5 votes
I = prt
I = 340 * .0315 * 5
I = 53.55
Add $340 + $53.55 = $393.55
User InnocentKiller
by
7.7k points
2 votes
$393.55 will be in his account after 5 years.
User Mqklin
by
7.8k points
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