contestada

you deposit 2,600 into a bank account with a simple interest rate of 8%. How can you find the account balance after 2 years? Then find the account balance after 2 years.

Respuesta :

CaptainSuperman
Hi pupil Here's Your answer ::



➡➡➡➡➡➡➡➡➡➡➡➡➡


It can be solved by Folows :-


[tex]Amount = Principle{(1 + \frac{r}{100}}^{n} )
[/tex]



[tex]A = 2600{(1 + \frac{8}{100}}^{2} )
[/tex]



[tex]A = 2600{(\frac{100+8}{100}}^{2} )
[/tex]



[tex]A = 2600{(\frac{108}{100}}^{2} )
[/tex]



[tex]A = 2600(\frac{108}{100} )\times(\frac{108}{100}) [/tex]



[tex]A = 3032.72 $ [/tex]



⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅



Hope this helps .....

Otras preguntas