Mr.perkins has $120 in a savings account .the interest rate is 5% per year and it is not compounded how much will he have in 2 years

asked Sep 17, 2022 22.1k views

17 votes

7.1k points

Please log in or register to add a comment.

6 votes

in two years it shld he around 132.5. I think I’m not too sure

BlackShift answered Sep 19, 2022

6.9k points

9 votes

Answer:

The answer is $132

Explanation:

120+ (5% of 120) (2)

120+(6)(2)

120+12

=132

Ractiv answered Sep 21, 2022

7.1k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.0m questions

10.6m answers