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If an amount of $100in a savings account increases by 10% percent again,is that the same as increasing by 20%?

If an amount of $100in a savings account increases by 10% percent again,is that the same as increasing by 20%?
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1 vote
If an amount of $100in a savings account increases by 10% percent again,is that the same as increasing by 20%?

User Grigorii Chudnov
by
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2 Answers

1 vote

Answer:

100+20%=120

100+10%=110+10%=121

Explanation:

User Fegoulart
by
8.4k points
2 votes
Yes because 20% is the same as 10%*2
User Aarona
by
8.2k points
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