clpittman9906 clpittman9906
  • 22-04-2020
  • Mathematics
contestada

Stacy started with $40 in a savings account that earns 5% annually. ​How much interest will she get in one year?

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iceflames
iceflames iceflames
  • 22-04-2020
Here is the answer enjoy
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Sarah06109
Sarah06109 Sarah06109
  • 22-04-2020

Answer:

$2

Step-by-step explanation:

She earns 5%  of $40 each year. To find how much she makes in 1 year, multiply 5% and 40

40*5%

Convert 5% to a decimal by dividing by 100

5%/100=0.05

40*0.05=2

So, in one year, the account earns $2 in interest

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