Stephanie put $80 in her bank account when she was five years old. The bank gave her a simple interest rate of 2.1%. Does she have enough money to buy a TV for $1,000 after leaving her money in the bank for 10 years?

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the amount deposited.

P represents the principal or amount deposited.

R represents interest rate

T represents the duration in years.

From the information given,

P = 80

R = 2.1%

T = 10 years

I = (80 × 2.1 × 10)/100 = $16.8

The total amount that she would have after 10 years is

80 + 16.8 = $96.8

She wouldn't have enough money to buy a TV for $1,000

i get you, what you should do is think of the positive things that would come out of it. it will make yours parents proud and raise your grade. you should always try and if you can't focus tell the teacher.