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Irma has $41,000 in a savings account that earns 2% interest per year. The interest is not compounded.To the nearest cent, how much will she have in total in 4months?

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The interest rate per year is 2%, which is equivalent to 0.02 in decimal form. Since the interest is not compounded, we can simply calculate the interest earned over 4 months as:

Interest = Principal x Rate x Time
Interest = $41,000 x 0.02 x (4/12) (4 months is one-third of a year)
Interest = $273.33

Therefore, the total amount Irma will have in 4 months is the sum of her initial savings and the interest earned:

Total = $41,000 + $273.33
Total = $41,273.33

Rounding to the nearest cent, Irma will have $41,273.33 in total in 4 months.

(If this doesn’t seem right to you make sure you comment below!)
User Victor Savu
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