Daily Math Challenge
A savings account earns 5% interest per year. If you deposit $200, how much will you have after one year?
Answer
$210
📝 Step-by-Step Solution
1
Calculate interest: 5% of $200 = $10
2
Add interest to principal: $200 + $10 = $210
💡 Helpful Hints
• What does 5% interest mean?
• Calculate 5% of your deposit
• Add the interest to your original amount
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