Question

Learn with an example
Tara has $100 in a savings account that earns 5% annually. The interest is not
compounded. How much will she have in 1 year?​

Answer 1

Answer:

$105.

Step-by-step explanation:

After one year her annual rate (AR) will have been $5 (5 percent of her savings (s))

S+AR(5%) -->  $100+5 --> $150 after one year.