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

What percent of 6y is 24?

The median weekly income for someone with a high school diploma was $678.00. If they continued their education and obtained a bachelor's degree, their median we

Do you think an Empire can stay forever?

A pool supply company sells 50-pound buckets of chlorine tablets. A customer believes that the company may be underfilling the buckets. To investigate, an inspe

how many quarters are in 20 dollars?

Select all ordered pairs that correspond to input-output pairs of the function y = −9x + 5A: (-22, 3)B: (4, 0)C: (8, -67)D: (6, -49)

What are the examples of 8 branches of chemistry?

Some economists argue that the american medical association and the american bar association create an effect on labor markets similar to that of a labor union.

Calculate the mass (in g) of 346 cm³ of polythene. The density of polythene is 0.95 g/cm³. Give your answer to 2 decimal places.

Which nation was led by the dictator Mussolini? Spain Italy Japan Soviet Union