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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asked Nov 4, 2023 228k views

2 votes

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

Pradyumna Challa asked

by Pradyumna Challa

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1 Answer

5 votes

Answer:

Explanation:

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

Sharan answered Nov 9, 2023

by Sharan

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