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Mr.perkins has $120 in a savings account .the interest rate is 5% per year and it is not compounded how much will he have in 2 years

Mr.perkins has $120 in a savings account .the interest rate is 5% per year and it is not compounded how much will he have in 2 years
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17 votes
Mr.perkins has $120 in a savings account .the interest rate is 5% per year and it is not compounded how much will he have in 2 years

asked
User Steven Surowiec
by
8.4k points

2 Answers

6 votes
in two years it shld he around 132.5. I think I’m not too sure
answered
User BlackShift
by
7.6k points
9 votes

Answer:

The answer is $132

Explanation:

120+ (5% of 120) (2)

120+(6)(2)

120+12

=132

answered
User Ractiv
by
7.9k points
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