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15 February, 15:03

Austen has $20 in a savings account that earns 5% annually. The interest is not

compounded. How much interest will he earn in 1 year?

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Answers (1)
  1. 15 February, 17:18
    0
    20x (5/100) = 1

    That is the interest after one year

    Add to the principal:20+1=21
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