If you have $200 today to invest and you find an account that earns 5% how much will you have in 1 year?

MobileAgent asked Oct 17, 2023

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MobileAgent asked Oct 17, 2023

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23 votes

First, we need to compute how much is 5% of $200

$200\text{ \$}\cdot(5)/(100)=10_{}\text{ \$ }$

Then, after a year you will earn $10, and you will have $200 + $10 = $210

Guzman Ojero answered Oct 23, 2023

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