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1 February, 17:08

A bank offers a 4% annual interest rate for a savings account. Nathan puts $3,800 into an account to save for college. How much will be in the account after a year?

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  1. 1 February, 17:22
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    I don't know exactly how to solve this, but I know the formula is I=r*t*p

    Translation:

    Interest=rate (the percent) * time (months or years) * principal (the amount of $)
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