Nicole has $40 in a savings account. The account earns 5% simple interest. She wants to determine the amount in her account after 1 year if she makes no deposits or withdrawals.

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Muhammad Kamran asked Dec 22, 2023

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Nicole has $40 in a savings account. The account earns 5% simple interest. She wants to determine the amount in her account after 1 year if she makes no deposits or withdrawals.

Mathematics
high-school

Muhammad Kamran asked Dec 22, 2023

by Muhammad Kamran

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24 votes

Answer:

Explanation:

40/5 then x the answer by 2 and you get 16 with now deposits or withdraws

Vroomfondel answered Dec 27, 2023

by Vroomfondel

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