Problema Solution
Rosa has $20 in a savings account that earns
10%
annually. The interest is not compounded. How much will she have in 1 year?
Answer provided by our tutors
In 1 year Rosa will have:
A = $20 + 10% of $20
A = 20 + 0.10*20
A = 20 + 2
A = $22
In 1 year Rosa will have $22.