Levi invests money in an account paying a simple interest of 8.7% per year. If he invests $70 and no money will be added or removed from the investment, how much will he have in one year, in dollars and cents?

$76.09

Step-by-step explanation:

100%+8.7%=

 108.7%\,\,108.7\%108.7%

Whole balance before interest = 100%, then add on interest

108.7% of the current balance means 108.7100 of it.\text{108.7\% of the current balance means \(\frac{108.7}{100}\) of it.}108.7% of the current balance means 100108.7 of it.

"Percent" literally means "out of 100."

108.7100=\frac{108.7}{100}=100108.7=

 1.087\,\,1.0871.087

To find 108.7% of the current balance, multiply by 1.087:\text{To find 108.7\% of the current balance, multiply by \(1.087\):}To find 108.7% of the current balance, multiply by 1.087:

$70×1.087=\$70\times1.087=$70×1.087=

 $76.09\,\,\boxed{\$76.09}$76.09

answer

you start with $5 and save $10 a week until you have at least $45wer

step-by-step explanation: