Question

what is the amount returned on a deposit of $1,000 held for 2 years at 10% interest compound annually? ​

Answer 1

Answer:

since its 10%percent annualy(compound interest),at the end of 1year it would be 1000+(1/10 *1000)that is 1100,then for the second year it would be 1100+(1/10 * 1100)that is 1210.please mark me as brainliest