Question

haley has $20 in a savings account that earns 10% annually. the interest is not compounded. how much will she have in 2 years

Answer 1

240

Explanation:

1 percent=10 dollars

10 percent=100 dollars

=120 dollars in one year

times 2 [2x]=

240

Check:

10 times 10=100 dollars

100+20=120

x2=

120+120 or 120 times 2=

240