84.2k views
4 votes
What would be the value of $100 after 10 years if you earn 11 percent interest per year

User Lama
by
6.0k points

1 Answer

4 votes
10 times 11% is 11 dollars, so 11 times 10 equals 110. Then 110 plus 100 equals 210. So you'd have $210 after ten years with 11 percent interest. 
User Rdo
by
6.3k points