rodrijuli2007 rodrijuli2007

05-03-2021
Mathematics

contestada

what is the amount returned on a deposit of $1,000 held for 2 years at 10% interest compound annually?

Respuesta :

aravindsmadli aravindsmadli

05-03-2021

Answer:

since its 10%percent annualy(compound interest),at the end of 1year it would be 1000+(1/10 *1000)that is 1100,then for the second year it would be 1100+(1/10 * 1100)that is 1210.please mark me as brainliest

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