Answered

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Andrew has $550 in a savings account that earns 5 % annually. How much will he earn in interest in 4 years?

Use the formula = , where is the interest earned, is the principal (starting amount), is the interest rate expressed as a decimal, and is the time in years.

Sagot :

minakarki87

$110

Step-by-step explanation:

formula= P×T×R ÷ 100

550×4×5÷100

55×4×5÷10

1100÷10

$110

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