basel36 basel36

17-05-2021
Mathematics

contestada

Jayla has $60 in a savings account. The interest rate is 10% per year and is not
compounded. How much interest will she earn in 5 years?
PLEASE HELP!!!!

Respuesta :

acdbri2803 acdbri2803

17-05-2021

$360 dollars she will earn in 5 years.
Solution:
10% of $60 is $6 dollars and you multiply by 12 months ( 6 x 12 = $72 (in one year) x 5 years = $360

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