Question

If you have $200 today to invest and you find an account that earns 5% how much will you have in 1 year?

Answer 1

First, we need to compute how much is 5% of $200

`200\text{ \$}\cdot(5)/(100)=10_{}\text{ \$ }`

Then, after a year you will earn $10, and you will have $200 + $10 = $210