garfield has $6890 in his bank account. He earns a simple interest rate of 2% per year. What is the total smount of money he will have after 2 year?
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Answer:
Simple Interest Formula
To calculate Total Maturity Amount Value:
The simple interest formula for the calculator which is utilized to compute the overall gains accumulated is represented as:
A = P(1 + rt)
here:
A represents the Total accumulated Amount (principal + interest)
P represents the Principal Amount
r represents the Rate of Interest per year in
Step-by-step explanation:
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