Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, would you have more than $102, e
xactly $102 or less than $102?dsaxxxxxxxxxx0
1 answer:
You would have more than $102.
Earning 2% a year in interest would get you $2 in interest the very first year:
100(0.02) = 2
Adding this to the amount in the account, you would have 100+2 = 102 after the first year.
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