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

Jules reads that one pint is equivalent to 0.473 liters.he asks his teacher how many liters there are in a pint.His teacher responds that there are about 0.47

What is 2e=4e-16? I don't understand the steps to get to the answer.

2 thousands + 12 hundreds the sum in standard form

How do you write 3+0.3+0.009 word form and in standard form and expanded form

Around 80% of India's population practices which religion?

Radar indicates a car is traveling at 90 miles per hour. How fast is the car traveling in kilometers per hour? (Use this conversion formula: 1 mile = 1.609 kilo

what times 3 gives you 1,000

How did Henry Ford increase the production and sale of automobiles?

How many centimeters squared in .0255 square yards

Jules reads that one pint is equivalent to 0.473 liters.he asks his teacher how many liters there are in a pint.His teacher responds that there are about 0.47