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28 February, 20:19

Abby has $200 in a savings account that earns 5% annually. The interest is not compounded, but simple interest. How much money will she have total at the end of 2 years

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  1. 28 February, 20:25
    0
    we know

    simple interest=principal*time*rate/100

    then

    S. I = ($200*5*2) / 100

    so S. I=$20
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