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OpenStudy (anonymous):
One thousand dollars is invested in a savings account that pays 9% interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principal the following year?
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OpenStudy (anonymous):
9% of $1000 is \(.09\times 1000=90\) so the next year the new principle will be \(1090\) find 9% of \(1090\) to finish
OpenStudy (anonymous):
how do you find percentage in that?
OpenStudy (anonymous):
multiply \(1090\) by \(.09\)
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