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?

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.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!