200 at 6% how much will Rachel have in her account in 10years

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asked Aug 28, 2017 11.1k views

1 Answer

Nitin Mahesh · Answer 1 · 2017-09-02T23:40:34+0000

simple interest
I=PRT
I=interst
P=principle (present amount)
R=rate (in decimal)
T=time in years

200=Principal
6%=0.06=R
T=10 years

I=200(0.06)(10)
I=12(10)
I=120

ok so she earns 120
add that
200+120=320

she has $320 after 10 years

200 at 6% how much will Rachel have in her account in 10years

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