jeremybrandi1124 jeremybrandi1124

27-02-2019
Mathematics

contestada

Gabe has $100 in a savings account.The interest rate is 5% per year and is not compounded. How much will he have in 1 year?

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nitrotype2000 nitrotype2000

27-02-2019

Answer:

I believe the answer is $105.

Step-by-step explanation: Because the interest is not compounded, that means that the formula would be 100(.05)(1), and then adding that number (5) to the answer, which is 105.

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