Ask Question
Today, 07:50

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. Today, 08:02
    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 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