anonymous
  • anonymous
matt deposited $2,000.00 in the bank. If the rate of simple interest was 10%, what was the amount of money matt had in the bank after 5 years if he made no withdrawals?
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
50% so 3k
anonymous
  • anonymous
can you show the step
anonymous
  • anonymous
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anonymous
  • anonymous
😳😳 what
anonymous
  • anonymous
help
Compassionate
  • Compassionate
More than I have.
anonymous
  • anonymous
can you show the step?
zpupster
  • zpupster
simple interest formula A = P(1 + rt) P=Prinicipal r=rate t=time from your question -plug in the values A = 2000(1+ .1(5))

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