Math  /  Algebra

QuestionBONUS - Spiral Review: Jamya deposited $1400\$ 1400 into a savings account that has an annual simple interest rate of 0.81%0.81 \%. Find the amount in the savings account after 18 years.

Studdy Solution
Calculate the total amount in the savings account after 18 years by adding the interest earned to the principal:
Total Amount=P+I \text{Total Amount} = P + I Total Amount=1400+204.12 \text{Total Amount} = 1400 + 204.12 Total Amount=1604.12 \text{Total Amount} = 1604.12
The total amount in the savings account after 18 years is:
1604.12 \boxed{1604.12}

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