Asked by peter madison
A bank offers 5% compound interest on investments.A men invest $2000.
a)what is his investment worth after three year?
b)find the compound interest.
a)what is his investment worth after three year?
b)find the compound interest.
Answers
Answered by
MsPi_3.14159265
What is the compounding period ? Yearly? Monthly? Daily?
Remember that Amount in account = Principal(1 + i)^(n)
Remember that Amount in account = Principal(1 + i)^(n)
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.