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Gabby has $175 in a savings account that 5% simple interest. how much will she have in the account 12 years later?

 May 6, 2019
 #1
avatar+28194 
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If you mean 5% simple interest per year, then she will have $(175 + 12*(5/100)*175) after 12 years.

 May 6, 2019
 #2
avatar+128 
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5% of 175 = 17.5/2 = 8.75.

 

175+(8.75*12) = 175+105 = $280

 

She will have $280 in the account after 12 years.

 

~~Hypotenuisance

 May 8, 2019

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