# Correct answers only! To the nearest cent, how much will she have in 1 year? Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

1 answer

###### Question:

Correct answers only!

To the nearest cent, how much will she have in 1 year?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

To the nearest cent, how much will she have in 1 year?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

## Answers

Answer: $ 5,798.15Step-by-step explanation:A = P + I where P (principal) = $ 5,300.00 I (interest) = $ 498.15

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