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Andrea has a savings account with $80 that earns 2% interest per year, not compounded. How much money will she have in 10 years, to

Question

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## Answers ( )

Answer:After 10 years, she will has $96 in her bank.

Step-by-step explanation:It is given that Andrea’s saving account is $80 and earns 2% interest per year as a(Not Compounded). Using simple interest formula, Interest = (P×R×T)/100 where:SimpleInterestPis theprincipal,Ris theinterest rateandTisnumber of yearsP = $80

R = 2%

T = 10 years

It is given that the interest amount is $16. So thetotal amount she has after 10 years in the bank is $96 :interest amount = $16

principal = $80

total = $16 + $80

= $96