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Scarlet open a savings account and deposited $100 as principal. The account earns 10% interest, compounded yearly. What is the balance after 9 years?
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Scarlet open a savings account and deposited $100 as principal. The account earns 10% interest, compounded yearly. What is the balance after 9 years?

User Amlwin
by
4.3k points

1 Answer

1 vote

Answer:

190

Explanation:

100x10x9/100=90

balance=100+90=190

User Max Niagolov
by
4.4k points
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