blingplays56
blingplays56 blingplays56
  • 24-01-2021
  • Mathematics
contestada

How much interest do you earn when you deposit $100 at 25% for 2 years?

Respuesta :

darshzibbu darshzibbu
  • 24-01-2021

Answer:

For simple interest: $50, for compound interest: $56.25

Step-by-step explanation:

For simple interest: 25% *100 = $25

$25*2 = $50

For compound interest:

Year 1) 100+100(.25) = 125

Year 2) 125+125(.25) = 125+31.25 = $156.25

156.25 - 100 = $56.25

Answer Link
Аноним Аноним
  • 25-01-2021

Answer:

Year 1) 100+100(.25) = 125

Year 2) 125+125(.25) = 125+31.25 = $156.25

156.25 - 100 = $56.25

Step-by-step explanation:

Answer Link

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