Nathan deposits $170 into a savings account that pays 2.25% simple interest annually. If Nathan makes no deposits or withdrawals, how much money will he have in his savings account after 2 years?

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asked Mar 25, 2024 148k views

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Nathan deposits $170 into a savings account that pays 2.25% simple interest annually. If Nathan makes no deposits or withdrawals, how much money will he have in his savings account after 2 years?

Mathematics
college

Nandkumar Tekale asked

by Nandkumar Tekale

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Answer:

SI=P*R*T/100

SI=270*2.25*2/100

SI=7.65

TOTAL AMOUNT=7.65+170=177.65

Lev Z answered Mar 29, 2024

by Lev Z

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