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ravenl1001
09.12.2019 •
Mathematics
Michael has $70 in a savings account.the interest rateis 5% per year and is not compounded.how much will he have in 1year?
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Ответ:
$73.5
Step-by-step explanation:
The answer is simple, since he gets 5% every year, and its only been 1 year, just find 5% of 70 and add it together.
We can find 5% of 70 by multiplying 70 by .05.
70*.05=3.5
70+3.5=73.5
He will have 73.5 dollars.
Hope this helps!
Ответ:
Answer and Step-by-step explanation: