1 year ago

If you invest $100 at an interest rate of 6%, how much money will you have after two years?

Mathematics

2 answers:

tester [92]1 year ago

6 0

Answer:

112.72

Step-by-step explanation:

Ahat [919]1 year ago

3 0

Answer:A=P(1+rt)

P=Principle/100

R=Rate/6%

T=Time/2 years

Step-by-step explanation:

Initial Deposit 100$

Years saved 2

Rate of return 6%

Compound frequency monthly

Earned interest 12.00$

100+12.72=112.00$

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