kendyl300
contestada

Stephanie put $80 in her bank account when she was 5
years old. The bank gave her a simple interest rate of 2.1%.
Does she have enough money to buy a TV for $1,000 after
leaving her money in the bank for ten years?

Stephanie put 80 in her bank account when she was 5 years old The bank gave her a simple interest rate of 21 Does she have enough money to buy a TV for 1000 aft class=

Respuesta :

Answer:

Mynd44

Step-by-step explanation:

Here, we want to check if the amount of money saved is enough to

by a tv

Mathematically, we have the simple interest formula as follows;

I = PRT/100

I = (80 * 2.1*10)/100

I = 1680/1000 = 1.68

Hence, she will not have enough

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