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11 months ago

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.

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Step-by-step explanation:

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2 years ago

If i have 35% of a phones and its now $78 how much was the phone before the discount

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Step-by-step explanation:

Multiply $78 by by 65/100 to determine the original price.

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3 years ago

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