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katrin2010 [14]
3 years ago
8

Rita has deposited $1000 in a bank account. At the end of each year, the bank posts interest to her account in the amount of 5%

of the balance, but then takes out a $10 annual fee.
Mathematics
1 answer:
Ierofanga [76]3 years ago
3 0
$1,040 is how much you would have remaining at the end if that's what you are looking for.
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Tcecarenko [31]

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Hope it helps, if you need it in fractions, you can always convert it :)


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\frac{14}{40} \times 100\%=\frac{7 \times 2}{20 \times 2} \times 100\%=\frac{7}{20} \times 100\%=7 \times \frac{100}{20} \%=7 \times 5\%=35\%

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