Question

Sue has $74,210 in a savings account. The interest rate is 15% per year and is not compounded. How much will she have in 2 years? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), is the interest rate expressed as a decimal, and t is the time in years.​

Answer 1

$22,263

Explanation:

15% of $74,210 is $11,131.50 so $11,131.50 X 2= $22,263

so after 2 years the total amount of money along with interest will be a total of = $96,473