Jacob has $100 in his savings account. The interest rate is 5% per year. How much interest will he earn in 1 year?

asked Oct 8, 2022 201k views

11 votes

6.0k points

Please log in or register to add a comment.

7 votes

Answer: $5

5% of 100 is 5, so it would be $5

Hope this helps! :)

Stefan Luv answered Oct 13, 2022

6.3k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers