3 years ago

Sydney invests money in an account paying a simple interest of 5.2% per year. If no

Mathematics

1 answer:

Scorpion4ik [409]3 years ago

4 0

Answer:

She should multiply her current balance by 1.052.

Step-by-step explanation:

Her investment is an account with a simple interest of 5.2% per year.

So in one year, she will have 100% + 5.2% = 105.2% of her initial amount. To find the multiplier, we divide by 100%. So

105.2%/100% = 1.052

She should multiply her current balance by 1.052.

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