Ask Question
28 April, 17:43

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?

+5
Answers (1)
  1. 28 April, 17:54
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers