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

Jason earns $196 each week bagging groceries at a store he saves have his have his earnings each week how much money does Jason save per week

What is the correct definition of suffrage? suffering through segregation gaining civil rights earning voting privileges facing gender discrimination

Help me plz. How do u do this

Match the world leader with his nation. 1. Fidel Castro United Kingdom 2. Mikhail Gorbachev Cuba 3. Harry Truman Soviet Union 4. Winston Churchill Unite

What property does the equation 6x=72 have

The mountains found on the northern side of the Colorado Desert are named?

what pulse is used for routine vital signs

suppose the function, g(x), is used to model the height, y , of a soccer ball, x seconds after the ball is kicked up in the air. The ball starts on the ground a

what is the prouduct of 1 1/2 -1 1/4

The prefix 'mili-' means a thousandth. So a mili-liter is a thousandth of a liter. 1 mililiter = 1/1000 liter How many liters is 1,838 mililiters? Round your an