Question

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?

Answer 1

$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