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Bryan has $60 in a savings account that earns 5% interest per year. The interest is not compounded. How much will he have in 1 year?
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Bryan has $60 in a savings account that earns 5% interest per year. The interest is not

compounded. How much will he have in 1 year?

User Salaam
by
4.9k points

1 Answer

0 votes

Answer:

$63

Explanation:

Take 60 (the money amount in his savings account) and multiply by .05 percent which is 5 percent. This is 3. So 60 + 3 = $63.

User MarkRoland
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5.5k points
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