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?

Question

asked May 18, 2021 217k views

1 Answer

MarkRoland · Answer 1 · 2021-05-24T22:50:25+0000

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.