rojelio71
contestada

$100 is
the principal
deposited in a savings
account with a simple
interest rate of 5%.
The same amount of
$100 is placed in a 5%
savings
account
compounded annually.
What will be the total
balance of both
accounts after 5 years?

Respuesta :

Answer:

$125

Step-by-step explanation:

We know that:

[tex]P=100[/tex]

R = 5%
[tex]T=5[/tex]

Substitute:

[tex]P=100[/tex]

R = 5% into formula

T = 5

[tex]F=P+Prt\\ F=100+100rt[/tex]

Calculate:

[tex]100\times(1+5\times0.05)[/tex]

Calculate the product or quotient:

[tex]100\times(1+0.25)[/tex]

Calculate the sum or difference:

[tex]100\times1.25[/tex]

Calculate the product or quotient:

[tex]125[/tex] (ANSWER)

Alternative forms:

[tex]1.25\times{10}^2,5^3[/tex]

I hope this helps you!!!!!