goatdanielle goatdanielle

20-02-2021
Mathematics

contestada

A savings account earns 4% annual simple interest. The principal is $1,100. What is the balance after 5 years?

Respuesta :

centauron114 centauron114

20-02-2021

Answer:

$220

Step-by-step explanation:

4% of 1100=$44

$44 × 5 years=$220

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