Sam has $560 in his savings account. He earns 2.5% interest annually for 3 years. How much TOTAL savings will he have in his account?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.54TI: In five years, Gloria’s bank account earned $2,400 interest at 5% simple interest. How much had she...
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Sam has $560 in his savings account.
He earns 2.5% interest annually for 3 years.
How much TOTAL savings will he have in his account?
Transcribed Image Text:Sam has $560 in his savings account. He earns 2.5% interest annually for 3 years. How much TOTAL savings will he have in his account?
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