Roy has $30 in a savings account. The interest rate is 10% per year and is not compounded. How much will he have in 4 years?

$43.92

Step-by-step explanation:

1st year:

30 x 10% = 3

30 + 3 = 33

2nd year:

33 x 10% = 3.3

33 + 3.3 = 36.3

3rd year:

36.3 x 10% = 3.63

36.3 + 3.63 = 39.93

4th year:

39.93 x 10% = 3.99

39.93 + 3.99 = 43.92

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