Asked by Tisy
1. Ashlyn took out a loan for $700 to buy a new Tv. The bank to going to charge her 3% compound interest. What amount will Ashlyn owe the bank after 3 years
2. Determine the value of a $100 investment earning 10% compound interest over 2 years.
2. Determine the value of a $100 investment earning 10% compound interest over 2 years.
Answers
Answered by
bobpursley
2.
value=100(1.10)^2
1. 700(1.03)^3
value=100(1.10)^2
1. 700(1.03)^3
Answered by
Tisy
Thank you