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

Otras preguntas

The floor in Lila's bedroom is 30 square yards. Calculate the area in square feet
the total amount of _________ is the same before and after any transformation
evaluate the importance of the microscope to biology
graph the solution 10x + 6y =100
HELP PLEASE A satellite rotates 50 miles above Earth's atmosphere. An astronaut works on the satellite and sees the sun rise over Earth. To the nearest mile, wh
Explain why a solution can have many solutes, but only one solvent.
can anyone help me out with this graph ?
What improvements in technology have resulted in smaller hearing aids? What are the advantages of smaller hearing aids?
In a state, license plates consist of four letters and two digits. How many different plates are possible?
Laura's uncle donated 120 cans of juice and 90 packs of cheese crackers for the school picnic. Each student is to receive the same number of cans of juice and t