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Populaire Word Problems >

Kenny has 80 in a savings account that earns 5% interest per year.The interest is not compounded.How much interest will he earn in 2 years?

Solution

Ke nn y ha s 80 in a s a v in g s a cco u n t t ha t e a r n s 5% in t eres t p er ye a r . T h e in t eres t i s n o t co m p o u n d e d . Ho w m u c h in t eres t w i ll h e e a r n in 2 ye a rs ?

Solution

Interest : 8

étapes des solutions

Translate the problem into an equation:

I = 80 \cdot 0.05 \cdot 2

Simplifier

I = 80 \cdot 0.05 \cdot 2

Interest : 8

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