Question

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?

Answer 1

Answer:

$63

Step-by-step 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.