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3 years ago

Darnell has $7 in a savings account. The interest rate is 5%, compounded annually.

Mathematics

1 answer:

romanna [79]3 years ago

5 0

Answer:

$1.05

Equation 7*(.05*y) with y being years

Step-by-step explanation:

The start number is 7 and one equation is 7*(.05*y)

With Y being the variable for years

7*(.05*3)

7*.15

1.05 $1.05

The total amount of money Darnell will have is $8.05, and the interest is $1.05

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