Rachel deposited $250 in a savings account for a year at 8% simple int

1.	Rachel deposited $250 in a savings account for a year at 8% simple interest. How much money did Rachel have at the end of the year, if she did not deposit any more money?
Answer» <P>ANSWER: principal=250 rate of INTEREST=8 time=1yr simple interest =ptr/100 25018/100=20 amount=principal+interest=250+20=270

Rachel deposited $250 in a savings account for a year at 8% simple interest. How much money did Rachel have at the end of the year, if she did not deposit any more money?

Answer»

<P>ANSWER:

principal=250

rate of INTEREST=8

time=1yr

simple interest =p*t*r/100

250*1*8/100=20

amount=principal+interest=250+20=270

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Rachel deposited $250 in a savings account for a year at 8% simple interest. How much money did Rachel have at the end of the year, if she did not deposit any more money?

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