17-01-2024
Mathematics

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Ellenhas$1,000inasavingsaccount.Theinterestrateis5%peryearandisnotcompounded.Howmuchwillshehaveintotalin1year?

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.

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