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24 December, 14:23

Matt has $90 in a savings account that earns 10% annually. The interest is not compounded. How much interest will he earn in 1 year?

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  1. 24 December, 16:31
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    He will earn 9$ annually.

    Step-by-step explanation:

    To find his earning we will put the numbers in the the exponential equation y=a + (b+c) ^x

    A=90

    B=1.10 (you always add 1 to your percentage when it is positive)

    C=0

    X=1

    Y=90 + (1.1) ^1

    Y=9
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