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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.…

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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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.

User Pradyumna Challa
by
7.1k points

1 Answer

5 votes

Answer:

16

Explanation:

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

User Sharan
by
8.5k points
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