If my savings of $x grows 10% each year, how much will I have in 1 year?

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Timedt asked Sep 17, 2022

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If my savings of $x grows 10% each year, how much will I have in 1 year?

Mathematics
high-school

Timedt asked Sep 17, 2022

by Timedt

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15 votes

Answer:

1.1x

Explanation:

goodluck

ARCrow answered Sep 18, 2022

by ARCrow

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17 votes

Answer: $1.1x

Explanation:

x = your saving at beginning of year
10% = 0.1

At the end of year 1, it will increase by 10%:

x+0.1x=x(1+0.1)=1.1x

Shahnshah answered Sep 20, 2022

by Shahnshah

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