Gideon2908 Gideon2908

02-03-2021
Mathematics

contestada

Jack has $20 in his savings account that earns 10% annually.The interest is not compound.How much will he have in 1 year?

Respuesta :

samuelonum1 samuelonum1

04-03-2021

Answer:

$22

Step-by-step explanation:

Given data

Principa= $20

rate= 10%

time= 1 year

The simple interest expression is given as

A= P(1+rt)

substitute

A= 20(1+0.1*1)

A= 20*1.1

A= $22

Hence the amount after 1 year is $22

Answer Link

Otras preguntas

whats Henry Hudson interesting facts?

what is the answer to this question -√(12)+5√(75)

how do I solve this proportion?

copy this figure onto grid paper. draw line to divide the figure into 4 congruent polygons. how do you know the ploygons are congruent

How long did mummification go for poor Egyptians?

Explain how engineers and scientists may work together to produce a protein in the lab.

what describes the solvent in any solution

An oscillator makes four vibrations in one second. What is its period and frequency?

List two factors that might cause an organism to restrict its use of a resource.

What is 2.333333 in fraction form