Porter deposited $90 in a savings account earning 5% interest, compounded annually.
To the nea...
Mathematics, 06.05.2020 00:34 romyknight
Porter deposited $90 in a savings account earning 5% interest, compounded annually.
To the nearest cent, how much will he have in 1 year?
Use the formula B = P(1 + r), where B is the balance (final amount), p is the principal (starting
amount), r is the interest rate expressed as a decimal, and t is the time in years.
Answers: 2
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