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A bank account balance, b, for an account starting with s dollars, earning an annual interest rate,

A bank account balance, b, for an account starting with s dollars, earning an annual interest rate,
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3 votes
A bank account balance, b, for an account starting with s dollars, earning an annual interest rate,

A bank account balance, b, for an account starting with s dollars, earning an annual-example-1
User SANJAY GUPTA
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1 Answer

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b = 200(1 + 0.04)^10 = 200(1.04)^10 = 200(1.48) = $296
User Muqeet Khan
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