Snoopycatlover Snoopycatlover

25-01-2021
Mathematics

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

10.In question #9, how much does the bank owe you at the end of those two years?

Respuesta :

Аноним Аноним

25-01-2021

Answer:

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

Step-by-step explanation:

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

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

156.25 - 100 = $56.25

25 x 2

=50

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