Amanda has $5200 in a savings account that earns 4% simple interest annually. What is the value of her account in 5 years?
Question
Solution 1
Sure, here's how you can calculate it:
Step 1: Understand the problem. Amanda has $5200 in a savings account that earns 4% simple interest annually. We need to find out the value of her account in 5 years.
Step 2: Identify the formula for simple interest which is I = PRT, where I is the interest, Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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