Question

Donna plans to put her graduation money into an account and leave it there for 4 years while she goes to college she receives $850 in graduation money that she puts into an account that earns 5% interest and not equally how much will be in Donna's account at the end of the four years

Answer 1

her account will have 1,020 dollars if it is a 5% annual interest rate

Explanation:

850

___ = ___ (cross multiply)

100 5

when you cross multiply you get that 5% is 42.50

multiply 42.50 by 4 (the number of years the money will be in the account)

add that number to the original amount and you get the total after 4 years.