clpittman9906 clpittman9906

22-04-2020
Mathematics

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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

22-04-2020

Here is the answer enjoy

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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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