izzy3797 izzy3797

24-07-2021
Mathematics

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If my savings of $x grows 10% each year, how much will I have in 1 year?

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jessmzhou4 jessmzhou4

24-07-2021

Answer: $1.1x

Step-by-step explanation:

x = your saving at beginning of year
10% = 0.1

At the end of year 1, it will increase by 10%:

[tex]x+0.1x=x(1+0.1)=1.1x[/tex]

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