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

PLEASE HELP ME!!! QUICKLY!!

My friend has $672 to spend on a fence for her rectangular garden. She wants to use cedar fencing which costs $17/yard on one side, and cheaper metal fencing wh

what's an example of radical technological change

please place the dot for me(20 points will give brainliest!!!)

Solve for x......[tex]4x + 10 = 2x + 26[/tex]

Which practice is the best way to minimize the risk of getting the flu? O A. Avoiding flu vaccines O B. Getting a rapid diagnosis O C. Avoiding infected people

What is an interest aroup? Are vou member of an interest group? If so, which interest group(s). Do you think interest groups are inherently bad? Or do you think

Which of the following is not a type of covalent bond? A. Quadruple B. Double C. Polar D. Non-polar

5. In an oxyacetylene welding torch, acetylene (C2H2) burns in pure oxygen with a very hot flame. The reaction is: 2 C2H2 + 5 O2 → 4 CO2 + 2 H2O. a. What is the

The graph shows the growth rate of a certain bacteria in a lab, where the number of bacteria depends on the number of hours since the start of the experiment.Ba