af153133 af153133
  • 17-05-2021
  • Mathematics
contestada

Jane is opening a savings account with an initial deposit of $100. The bank offers a 5%
rate compounded annually. What is the value of the savings account after 1 year?

Respuesta :

keegansteinke01 keegansteinke01
  • 17-05-2021

Answer:

105 dollars after a year

Step-by-step explanation:

I = (100)(0.05)(1)

I = 5

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