2. Amy deposits $100 into an account that earns simple interest at an annual rate of 8%. How much will be in her account after 5 years? *

$140

Step-by-step explanation:

We can use the simple interest formula for this:

P = initial balance

r = annual interest rate

t = time

First, change 8% into its decimal form:

8% -> -> 0.08

Now, lets plug in the values:

Amy will have $140 in her account after 5 years.

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.

step-by-step explanation:

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