Stacy started with $40 in a savings account that earns 5% annually. How much interest will she get in one year?
2 answers:
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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