Sophie has $200 in a savings account that earns 5% annually. The interest is not compounded. How much will she have in total in 1 year?

Question

asked Feb 9, 2022 14.0k views

1 Answer

Bojan Kogoj · Answer 1 · 2022-02-13T23:09:59+0000

Answer:

$210

Explanation:

Formula:

P = A (1 + r% x t)

P: Answer

A: Original value

R%: Percentage increase

T: Time

P = 200 (1 + 5% x 1)

P = $210