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You put $100 into savings and earn 5% that is compounded monthly. How has your money grown in 2 years? O It has grown to $118.34 OIt has grown to $110.49 OIt has grown to $120.22 OIt has grown to $109.
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5 votes
You put $100 into savings and earn 5% that is compounded monthly. How

has your money grown in 2 years?
O It has grown to $118.34
OIt has grown to $110.49
OIt has grown to $120.22
OIt has grown to $109.22

User JP Blanco
by
8.2k points

1 Answer

3 votes
i think it’s C $120.22
User Dprado
by
7.9k points
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