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Bridgette has $200 in a savings account that earns 10% annually. The interest is not compounded. How much interest will she earn in 1 year?

Bridgette has $200 in a savings account that earns 10% annually. The interest is not compounded. How much interest will she earn in 1 year?
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1 vote
Bridgette has $200 in a savings account that earns 10% annually. The interest is not compounded. How much interest will she earn in 1 year?

asked
User Abbas Amiri
by
7.8k points

1 Answer

4 votes

Answer:

$20

Explanation:

10% = 10/100 = 0.1

So 10% of 200 = 200 x 0.1 = 20

answered
User Augustina
by
8.1k points
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