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  • 11-04-2016
  • Mathematics
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i put $200 in a saving account with 7% interest a year. How much will i have in 19 years

Respuesta :

jmom jmom
  • 11-04-2016
it would be 200×0.07= 14×19= 266
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penfila11Pen
penfila11Pen penfila11Pen
  • 11-04-2016
I = PRT
P for Principle Amount
R for Rare
T for Time in years

I = 200 × 0.07 × 19        (70% = [tex] \frac{7}{100} [/tex] = 0.07)
  = $266 - this is the interest

You will have 200 + 266 = $466 in your account
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