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A woman put $640 into a savings account for one year. The rate of interest on the account was 5%. How much money she will have in her account after one year?
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Apr 6, 2022
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A woman put $640 into a savings account for one year. The rate of interest on the account was 5%. How much money she will have in her account after one year?
Mathematics
high-school
Marius B
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Simple Interest = (Principal * rate of interest * time period )/ 100
Or (640 * 5 * 1)/100 = 32
Total = principal + interest = 640 +32 = 672
Amba
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Apr 10, 2022
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