Question

Help pleaseeeeee!!!thank you lovesssss

Answer 1

Hi there!

Every month, 2% of money is added to the total amount of money in the account.

The factor you multiply with is 1.02. This means that you multiply every time with 102%, which is a growth of 2%. Since the amount of money grows every time, 2% of the money is added to the total amount of money in the account.