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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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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?

User Marius B
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1 Answer

3 votes
Simple Interest = (Principal * rate of interest * time period )/ 100

Or (640 * 5 * 1)/100 = 32

Total = principal + interest = 640 +32 = 672

User Amba
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