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marin [14]
3 years ago
9

if an amount of $100 in a savings account increases by 10% , then increases by 10% again, is that the same as increasing by 20%

explain.
Mathematics
2 answers:
Elina [12.6K]3 years ago
5 0


100 + 100 * 10/100 = 110

NOW 110 INCREASES BY 10 %, 110 + 110*10/100 = 110+ 11 = 121

INCREASE OF 20 % = 100 + 100*20/100= 100+20 = 120

SO IT IS NOT SAME


ozzi3 years ago
3 0
No becuase when you get ten percent the 1st time you add it to the $100 then you have $110 so then you gain ten percent the second time and it would give you $121 but if you just did swenty percent it would be $120
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