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29-03-2020
Mathematics

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Adam has $100 in a savings account that earns 5% interest per year.The interest is not compounded.Howmuchwillhehavein1year?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

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30-03-2020

Answer:

$105

Step-by-step explanation:

Interest earned=$100*5%*1

=$5

Amount at end of 1 yr=p+i

=$100+$5

=$105

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