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PLEASE HELP ME!!!! Lillian has $40 in a savings account that earns 15% interest per year. The interest is simple interest that is not compounded. How much will she have in her account after 1 year?
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PLEASE HELP ME!!!!

Lillian has $40 in a savings account that earns 15% interest per year.

The interest is simple interest that is not compounded.

How much will she have in her account after 1 year?

User Himanshu Aggarwal
by
6.5k points

1 Answer

11 votes

Answer:

Explanation:

to find out the interest,

40*15/100=6

she will have 40+6=46

User Ton
by
7.4k points
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