Jack invests money in an account paying a simple interest of 7.1% per year. If mm represents the amount of money he invests, which expression represents his balance after a year, assuming he makes no additional withdrawals or deposits?

m+0.071m+0.071

1.0071m1.0071m
1+0.071m1+0.071m
m+0.071mm+0.071m

Respuesta :

The balance after a year will be represented by an expression m + 0.071m.

What is an expression?

Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication and division.

Given that:-

  • Jack invests money in an account paying a simple interest of 7.1% per year.

The total amount will be calculated as:-

Total amount = Principle + interest rate x priciple

Total amount  = m  +   0.071m

Therefore the balance after a year will be represented by an expression m + 0.071m.

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