Question

A bank account earns 2% interest each year. Giselle uses the expression p +0.02p

to find how much money will be in the account after one year if she deposits p dollars.

Answer 1

1.02 is the simplified answer and 102% is the answer to the next one

Explanation:

The expression p+0.02p can also be written as 1p+0.02p.

To combine like terms, add the coefficients.

1+0.02=1.02, so 1p+0.02p=1.02p.