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

224/8 Estimate. Show how u Estimated.

if we change the pH of a substance is this a physical change chemical change or both?

85% of 16,000,000 people in the Netherlands own a bike, and most of them ride every day. Which equation would you use to find how many people own bikes in Nethe

tiktaalik is an example of a transitional form linking __________ to ancestral __________.

(help asap!!) Which describes Lord Cornwallis? the Frenchman who became a general on Washington's staff and his lifelong friend the commander of British troops

pls help my math teacher is crazy and if i get in trouble i will be in trouble at home :( pls do step by step explanation

I need help with this please

If a bike has a sale price of $6, what was the original price? Pay 40% off original price

Athletes from which nation march last in the parade of nations at the olympics?.

Solve each question with the quadratic formula 6a² + 10 = 0 I know the answer but I'm not to sure how imaginary roots work. I would really appreciate if someon