Ms. Johnson deposited $950.00 into a savings account in her local bank. If the interest rate is 2.5%, then how much will she have after 6 months.
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Step-by-step explanation:
principal = $950
time = 6 months = 1/2 year
rate = 2.5%
simple interest = ptr/100 = 950 × 1 × 2.5
100 × 2
= $11.875
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