Mathematics

Janiah

11 July, 05:24

Porter deposited $90 in a savings account earning 5% interest, compounded annually.

To the nearest cent, how much will he have in 1 year?

Use the formula B = P (1 + r), where B is the balance (final amount), p is the principal (starting

amount), r is the interest rate expressed as a decimal, and t is the time in years.

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