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Sydney invests money in an account paying a simple interest of 4. 4% per year. If she invests $170 and no money will be added or removed from the investment, how much will she have in one year, in dollars
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17 votes
17 votes
Sydney invests money in an account paying a simple interest of 4. 4% per year. If she invests $170 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?.

User Evaleria
by
2.8k points

2 Answers

8 votes
8 votes

Answer: $177.48

Step-by-step explanation:

Given:

Invested: $170

Interest rate: 4.4%

Time: 1 year

I =
(P * R * T)/(100)


(170 * 0.044 * 1)/(100)

7.48

Amount = investment + interest

170 + 7.48

177.48

User Peter Leupold
by
3.0k points
22 votes
22 votes

Answer:

$3,863.63

Explanation:

User Seder
by
2.7k points
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