asked 83.3k views
2 votes
Kayla has $70,000 in a savings account. The interest rate is10% per year and is not compounded. How much will she have in 2 years? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

asked
User Vincy
by
7.9k points

1 Answer

4 votes

Answer:

$84,700

Explanation:

She would earn $14,700 in 2 years.

answered
User Sadina Khatun
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.