Ms. Anderson deposits $700 into a savings account that pays a simple interest of 2% per year. Which of the following would be the total amount in her savings account at the end of 10 years?

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asked Jul 19, 2021 155k views

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Ms. Anderson deposits $700 into a savings account that pays a simple interest of 2% per year. Which of the following would be the total amount in her savings account at the end of 10 years?

Mathematics
middle-school

Jason Youk asked

by Jason Youk

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2 Answers

4 votes

Answer:

6860

Explanation:

Nathan R answered Jul 21, 2021

by Nathan R

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3 votes

Answer: 840

Explanation:

SI = prt

= 700 x .02 x 10

=140

Amount after 10 years = 700 + 140 = 840

Ben Boyer answered Jul 23, 2021

by Ben Boyer

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