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Matt has $90 in a savings account that earns 10% annually. The interest is not compounded. How much interest will he earn in 1 year?

Respuesta :

Answer:

He will earn 9$ annually.

Step-by-step explanation:

To find his earning we will put the numbers in the the exponential equation y=a+(b+c)^x

A=90

B=1.10 (you always add 1 to your percentage when it is positive)

C=0

X=1

Y=90+(1.1)^1

Y=9

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