marcuswilfrid19 marcuswilfrid19
  • 22-05-2020
  • Mathematics
contestada

You open a savings account with $800. They offer a 2%
rate of return. How long will it take you to earn $100 in
interest?​

Respuesta :

ScienceExp2050 ScienceExp2050
  • 22-05-2020

Answer:

Every time interest is compounded, you earn $16.

Step-by-step explanation:

If it is simple interest, it would be approx. 6-7 cycles.

Answer Link

Otras preguntas

A completely reversible heat pump produces heat at a rate of 100 kW to warm a house maintained at 25℃. The exterior air, which is at 0℃, serves as the source. C
this is asking using the completing the square method
2. Before the Interview If you do well in the application process and screening interview, you will be invited to a face-to-face interview. Proper preparation b
During the 1920 , the scopes trial and the dispute over prohibition showed the clash between
What were the causes, main events, and effects of the early Cold War?
What part of Vietnam is communist north or south
Provide an example of making multiple paragraphs tags using html and at least 3 sentences.
Can exist with other forms of government Dictatorship or Theocracy
How many times does the graph of 4x = 32 - x2 cross the x-axis? 0 1 2 What are the solutions to the equation?
Which item best completes the chart? A. Improve education for children in rural areas B. Provide quality health care to all citizens c. Prevent poverty among th