Manuel has $80 in a savings account that earns 5% annually. the interest is not compounded. How much will he have in one year?

Question

asked Jul 9, 2019 194k views

1 Answer

Davidfmatheson · Answer 1 · 2019-07-15T13:48:55+0000

$84
multiply 80 x 1.05 x 1
.05 is the interest, and that is added to the amount in the account, so you multiply the initial amount of 80 by 1.05