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Alinara [238K]
3 years ago
5

james decided to open a basic savings account he put 1000.00 dollars in his account . the account earns 5% interest he earns 50

dollers in the first mouth. his new balance mouth. what is the interest type?
Mathematics
1 answer:
iogann1982 [59]3 years ago
7 0
M = C*(1+i)^t
M = 1000*(1+0,05)¹
M = 1000*1,05
M = 1050 (earns $ 50)

se t = 2 meses:
M = 1000*(1+0,05)²
M = 1000*(1,005)²
M = 1.102,50

Sistema de juros compostos - juros sobre juros.
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