Ask Question
22 June, 18:31

Dwayne has $40 in a savings account that earns

5% annually. The interest is not compounded. How much will he have in 1 year?

+1
Answers (1)
  1. 22 June, 21:18
    0
    He'll have $42.

    Step-by-step explanation:

    5% annually means that he'll have 5% more in his account after one year. That's exactly what the question asks.

    So it's just a matter of adding 5% to $40.

    $40 + ($40 * 0.05) = $40 + $2 = $42
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Dwayne has $40 in a savings account that earns 5% annually. The interest is not compounded. How much will he have in 1 year? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers