TVanDecar5712 TVanDecar5712

04-02-2021
Mathematics

contestada

Diane has $20 in a savings account that earns 5 % annually. How much will she earn in interest in 1 year?

Respuesta :

samuelonum1 samuelonum1

05-02-2021

Answer:

$21

Step-by-step explanation:

Given data

Principal= $20

Rate = 5%

time= 1 year

Required

The final amount A

Applying the simple interest formula

A= P(1+rt)

substitute

A=20(1+0.05*1)

A=20(1.05)

A=20*1.05

A=$21

Hence she will earn $21

Answer Link

Otras preguntas

When a chemical reaction creates a thin film outline of an anmial or plant what type of preservation has occured?

Help plz with this?????

Peers, families, role models, and media are all examples of _____ that can affect your decisions about drugs. A. external influences B. economic influence

Which is an example of an object acquiring a charge through friction? A. As you walk across a thick carpet, your body becomes charged. B. The air between a meta

What happens when a penny is dropped from a height of 20 meters? a.it falls at a constant velocity b.its mass doubles for every second it falls c.the force o

hi. gvyvyxgcyvjbhcrxtubibyctctvubitctcibivyctbuhbygtfet. can you read this in 10 seconds

Read the excerpt from President Woodrow Wilson’s speech, “War Message to Congress.” With a profound sense of the solemn and even tragical character of the step

ames has never had alcohol, but he believes his friends when they tell him that almost everybody at their school drinks regularly. In reality, very few students

Answer to this question please?

What is the circumference of a circle with a radius of 56 ?