Austen has $20 in a savings account that earns 5% annually. The interest is not compounded. How much interest will he earn in 1 year?

asked Nov 27, 2021 114k views

3 votes

Austen has $20 in a savings account that earns 5% annually. The interest is not

compounded. How much interest will he earn in 1 year?

by Gxc

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4 votes

20x(5/100)=1

That is the interest after one year

Add to the principal:20+1=21

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