2 years ago

What is the value 10 years from now of $200 deposited in an account earning 12% interest?

Mathematics

2 answers:

olga_2 [115]2 years ago

7 0

Answer:240

Step-by-step explanation:

$200×12%=24

24×10=240

Rzqust [24]2 years ago

5 0

Answer:$440

Step-by-step explanation:

Principal(p)=$200

Rate(r)=12%

Time(t)=10years

Simple interest=(pxrxt) ➗ 100

Simple interest =(200x12x10) ➗ 100

Simple interest=24000 ➗ 100

Simple interest=240

Total amount=p + simple interest

Total amount =200+240

Total amount =440

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