Register
Dominic has $900 in a savings account.The interest rate is 5% per year and is not compounded . How much interest will he earn in 1 year?
226k views
5 votes
Dominic has $900 in a savings account.The interest rate is 5% per year and is not compounded . How much interest will he earn in 1 year?

User Mark Hurd
by
8.7k points

1 Answer

3 votes

Answer:

I = $900(.05) = $45

Dominic will earn $45 interest.

User Rono
by
8.5k points
← Prev Question Next Question →

No related questions found

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

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!