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$100 earning 2% interest a year after 5 years how much would you have?
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$100 earning 2% interest a year after 5 years how much would you have?

User Beloved
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2 Answers

5 votes
The answer should be 110.41
User Ton Torres
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Answer:

TOTAL = principal * (1 + rate) ^ years

Total = 100 * 1.02 ^ 5

Total = 100 * 1.1040808032

Total = 110.41

Explanation:

User TheSpyCry
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