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Clayton has $400 in a savings account that earns 5% annually.The interest is not compounded.How much will he have in total in 1 year?

Respuesta :

Answer:

5/400 ans. 80 because percent mean 1/100

Answer:

$420

Step-by-step explanation:

Interest = Principal x Rate x Time

             = 400 x 0.05 (5%) x 1 year

             = 20

Now add 400 and 20 which is $420

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