Mathematics, 10.12.2020 01:00 TaraC

Mike has $40 in a savings account that earns 5% interest per year. The interest is not compounded. How much will he have in 1 year?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.

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Mike has $40 in a savings account that earns 5% interest per year. The interest is not compounded....