Mathematics, 22.04.2020 07:22 alex7598

Marge puts 800 and a bank account that earns 3% annual interest if she leaves the money in the bank but does not add to it how much money will she have at the end of the year

Answers

Answer from: katiedelgadillo

$824

Step-by-step explanation:

We are given that Marge put money in her account=$800

She earns annual interest=3%

We have to find the amount she will have received at the end of the first year if no add any money

We are using the formula

S.I= p*r*t/100

Where r= Rate of interest

t=Time in years

P=principle

r=3%

P=$800

t=1 year

Using the formula and substitute the values

S.I=800*1/100

S.I=$24

Amount =S.I+P

Amount=24+800=$824

Hence, She will have received money at the end of first year =$824

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