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1 vote
If you invest $100 at an interest rate of 6%, how much money will you have after two years?

User Chris Long
by
7.9k points

2 Answers

6 votes

Answer:

112.72

Explanation:

User Carlo Bellettini
by
8.3k points
5 votes

Answer:A=P(1+rt)

P=Principle/100

R=Rate/6%

T=Time/2 years

Explanation:

Initial Deposit 100$

Years saved 2

Rate of return 6%

Compound frequency monthly

Earned interest 12.00$

100+12.72=112.00$

User Karel Debedts
by
7.4k points

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