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I put $200 in a saving account with 7% interest a year. How much will i have in 19 years

I put $200 in a saving account with 7% interest a year. How much will i have in 19 years
asked 63.3k views
2 votes
I put $200 in a saving account with 7% interest a year. How much will i have in 19 years

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User Alireza Amini
by
7.4k points

2 Answers

3 votes
I = PRT
P for Principle Amount
R for Rare
T for Time in years

I = 200 × 0.07 × 19 (70% =
(7)/(100) = 0.07)
= $266 - this is the interest

You will have 200 + 266 = $466 in your account
answered
User Geomorillo
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8.3k points
0 votes
it would be 200×0.07= 14×19= 266
answered
User Cameron McKenzie
by
7.9k points
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