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

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Timedt asked Sep 17, 2022

226,622 views

24 votes

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

3.6k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

2 Answers

15 votes

Answer:

1.1x

Explanation:

goodluck

ARCrow answered Sep 18, 2022

by ARCrow

2.6k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

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

2.9k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

2 Answers

0 Comments

Your comment on this answer:

0 Comments

Your comment on this answer:

Other Questions