Mrs. C loans Mr. R $50 000 to start his magic shop. She charges him 20% interest compounded anually. how much will he own her in

Question

3 years ago

11

FIVE years? Show your work including the formula for calculating compound interest.

2 answers:

finlep [7] · Answer 1 · 2022-03-24T18:06:05+03:00

finlep [7]3 years ago

8 0

Answer:

2,000

Step-by-step explanation:

Molodets [167] · Answer 2 · 2022-03-24T20:21:21+03:00

Molodets [167]3 years ago

5 0

Answer: it should be 100,000

Step-by-step explanation:

If I am doing this right than 20% of 50,000 is 10,000. That will be 50,000. So 50,000+50,000=100,000.