Question

Mr.perkins has $120 in a savings account .the interest rate is 5% per year and it is not compounded how much will he have in 2 years

Answer 1

Answer:

how much will he have in 2 years

Capital____120  

Interest_____12  

Final Value_132

Step-by-step explanation:

Cf = Capital final  

Ci = Capital inicial  

i = Tasa de interés  

n = Número de períodos  

 

I = C·i·t    

 

Savinga account_120  

Interest_________5%  

n______________2  

Comppound ____no  

 

I=120*5%*2      

I=12  

Capital____120  

Interest_____12  

Final Value_132  

Answer 2

Answer:

$132

5 percent of $120 is 6, 6*2 = 12