TVanDecar5712 TVanDecar5712

04-02-2021
Mathematics

contestada

Diane has $20 in a savings account that earns 5 % annually. How much will she earn in interest in 1 year?

Respuesta :

samuelonum1 samuelonum1

05-02-2021

Answer:

$21

Step-by-step explanation:

Given data

Principal= $20

Rate = 5%

time= 1 year

Required

The final amount A

Applying the simple interest formula

A= P(1+rt)

substitute

A=20(1+0.05*1)

A=20(1.05)

A=20*1.05

A=$21

Hence she will earn $21

Answer Link

Otras preguntas

What battle eliminated Persian influence in Greece and Athens?

find two mixed numbers so that the sum is 8 4/8 and the difference is 2 2/8

What do cells need to do between divisions to make sure they don't just get smaller and smaller.

Three of the following contributed to the end of the Pax Romana (3rd century a. d. ). Which one did NOT? A 20-year plague weakened the Roman army and demoralize

Which leader was put in jail for fighting apartheid in South Africa? Mao Zedong Nelson Mandela Mikhail Gorbachev F.W. de Klerk

How do you write 4 hundreds 13 tens 5 ones in standard form? How do u do this please help me

110% of 90 is what number

Factor completely and then place the factors in the proper location on the grid. x^2 - 5x - 14

Another name for the predicate in a sentence is a/an A. noun. B. object. C. subject. D. verb.

what is an asymptote?