daveb1 daveb1
  • 20-12-2018
  • Mathematics
contestada

Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

Respuesta :

puppyloverls3 puppyloverls3
  • 02-01-2019

Answer:

$110

Step-by-step explanation:

A = P(1 + r/n)ⁿ⁺

A = 100(1 + .02/1)¹⁽⁵⁾

A =  100(1.10)

A = $110

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