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2 May, 10:10

A bank offers a 4% annual interest rate for a savings account. Nathan puts $3,800 into an account to save for college. How much will be in the account after a year?

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  1. 2 May, 12:53
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    I don't know exactly how to solve this, but I know the formula is I=r*t*p

    Translation:

    Interest=rate (the percent) * time (months or years) * principal (the amount of $)
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