Daniel has $30 in a savings account that earns 5%

1 answer:

8 0

If Daniel has $30 in a savings account that earns 5% annually and the interest is not compounded,then he will get $33 after 2 years.

Given that Daniel has $30 in a savings account that earns 5% annually and the interest is not compounded.

We are required to find the amount of money that Daniel will get after 2 years.

Since the amount is not compounded so interest will be same in all years as if in the first year.

The interest will be 2*30*0.05=3

The total amount including interest=30+3

=$33

Hence if Daniel has $30 in a savings account that earns 5% annually and the interest is not compounded,then he will get $33 after 2 years.

Learn more about compounding at brainly.com/question/24924853

#SPJ9

You might be interested in

Which matrix represents the vertices of the rectangle after it is scaled by a factor of 3?.

stellarik [79]

The matrix represents the vertices of the rectangle after it is scaled by a factor of 3 is,

[ 0 12 12 0]

[ 0 0 12 6]

<h2>We have to determine</h2>

Which matrix represents the vertices of the rectangle after it is scaled by a factor of 3?

<h3>According to the question</h3>

The vertices of the triangle are

The scale factor is 3.

<h3>The vertices of the triangle are scaled with the factor of 3 so the vertices are get multiplied by 3.</h3>

Therefore,

The vertices of the rectangle after scaled by the factor of 3 are,

$\rm (0, 0), (4, 0), (4, 4) \ and\ (0, 2)\\\\ (0\times 3, 0\times 3), (4 \times 3, 0 \times 3), (4 \times 3, 4 \times 3) \ and \ (0 \times 3, 2 \times 3) \\\\ (0, \ 0), (12, \ 0), (12, \ 12), \ (0,\ 6 )$