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Kayla has $70,000 in a savings account. The interest rate is10% 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), r is the interest rate expressed as a decimal, and t is the time in years.

User Vincy
by
6.4k points

1 Answer

4 votes

Answer:

$84,700

Explanation:

She would earn $14,700 in 2 years.

User Sadina Khatun
by
6.2k points
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