Answered

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Percy has $50 in a savings account. The interest rate is 10% per year and is not compounded. How much will he have in 1 year?

Sagot :

zachrteyeet

Answer:

Step-by-step explanation:

Take the 50 and multiply by 1.1 (this is 10% if you dont want to go .1 and add that to 50)

50*1.1=x

50*1.1=55

There will be a total of 55 Dollars in the savings account. He has earned 5 dollars in interest.

Hope This helps :)

Answer:

70

Step-by-step explanation:

just doubled

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