Rara221 Rara221

08-06-2024
Mathematics

Answered

What would be the value of $100 after 10 years if you earn 11 percent interest per year?

A.
$259.37
B.
$283.94
C.
$110.46

Answer :

foxy112908 foxy112908

08-06-2024

Answer: B would be your answer

Principal= P

Rate of annual compound interest = r %

Time = n year

then add the amount, A = P * (1 + (r)/(100))^(n)

= $283.94

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