Holly earns 4% simple interest over 5 years. Which equation represents the amount in hollys account in terms of the principle?

Sagot :

A  = p +0.2p

We don't know the value of P, so it stays unknown.

The r is the interest rate as a decimal. we know that r = 0.04 because we're told the interest rate is 4%. Note that 4% = 4/100 = 0.04

The time in years is t = 5

So this means...

A = P + P*r*t

A = P + P*0.04*t ... replace r with 0.04

A = P + P*0.04*5 ... replace t with 5

A = P + P*0.2 ... multiply

A = P + 0.2*P ... swap term

A  = p +0.2p

learn more of interest here

https://brainly.com/question/25845758

#SPJ9