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

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

manuel has $80 in a savings account that earns 5% annually. the interest is not compounded-example-1
User DAIvd
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1 Answer

6 votes
$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
User Davidfmatheson
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