Answer:
$110.25
Step-by-step explanation:
Step one:
given
principal= $100
rate= 5%
time = 2 years
Required
The final amount
Step two:
The compound interest formula is
substituting we have
The final amount is $110.25
Two water pumps are filling a pool. One of the pumps is high power and can fill the pool 5 hours before the other can do. Howeve
1 answer:
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