marcuswilfrid19 marcuswilfrid19

22-05-2020
Mathematics

contestada

You open a savings account with $800. They offer a 2%
rate of return. How long will it take you to earn $100 in
interest?

Respuesta :

ScienceExp2050 ScienceExp2050

22-05-2020

Answer:

Every time interest is compounded, you earn $16.

Step-by-step explanation:

If it is simple interest, it would be approx. 6-7 cycles.

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