Register

Sadie has $14,685 in a savings account. The interest rate is 13% per year and is not compounded. To the nearest cent, how much will she have in one year? use the formula I = PRT…

Sadie has $14,685 in a savings account. The interest rate is 13% per year and is not compounded. To the nearest cent, how much will she have in one year? use the formula I = PRT…
asked 30.3k views
5 votes
Sadie has $14,685 in a savings account. The interest rate is 13% per year and is not compounded. To the nearest cent, how much will she have in one year?

use the formula I = PRT, where I is the interest earned, p is the principal, R is the interest rate expressed as a decimal, and T is the time in years.

round your answer to the nearest cent ​

asked
User Ali Kleit
by
7.8k points

1 Answer

2 votes

Answer:

$16,594.05

Explanation:

13 * 14,685/100 = 1,909.05

14,685 + 1,909.05 = 16,594.05

answered
User Williamstome
by
7.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!