Register
Joey started a bank account 5 years ago with $100 in it. he now has $1000 in the account. whats is the percenatge increase
190k views
5 votes
Joey started a bank account 5 years ago with $100 in it. he now has $1000 in the account. whats is the percenatge increase

User Loc Phan
by
8.8k points

1 Answer

3 votes
That would be a 200% per year increase.
If you were to choose an annual interest rate you would need 58.4893 % compounded annually.


User Alexspeller
by
7.9k points
← Prev Question Next Question →

Related questions

User Dmitry Mukhin
asked Sep 14, 2021 43.4k views
19 out of 34 what is the percenatge in 1 decimal place
Dmitry Mukhin asked Sep 14, 2021
by Dmitry Mukhin
8.7k points
2 answers
5 votes
43.4k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!