Answer:
$48.
Step-by-step explanation:
Annual means yearly.
The question is asking how much will Emma earn after 10% interest for 2 years.
To solve:
Find 120% of $40. This represents 100% (40) and 20% interest for the 2 years.
Round to the nearest cent if it's necessary.
Let's solve:
Let's find 20% of $40 first.
Divide 40 by 5:
$8 is 20% of 40.
Add 8 to 40:
8 + 40
= 48.
48 is your answer.
*48 represents 10% interest for 2 years.
