roxanaquintero701 roxanaquintero701

01-04-2020
Mathematics

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Learn with an example
Tara has $100 in a savings account that earns 5% annually. The interest is not
compounded. How much will she have in 1 year?

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LunaS2000 LunaS2000

01-04-2020

Answer:

$105.

Step-by-step explanation:

After one year her annual rate (AR) will have been $5 (5 percent of her savings (s))

S+AR(5%) --> $100+5 --> $150 after one year.

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