Madison invests money in an account paying a simple interest of 3.2% per year. If she invests 160 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?

解

解

Amount : 165.12

解答ステップ

Translate the problem into an equation:

A = 160 (1 + 0.032 \cdot 1)

160 (1 + 0.032 \cdot 1) = 165.12

Amount : 165.12

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