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A company has $54000 in a bank account that pays an interest of 2% per year. How much money can it withdraw at the end of 1 year?

A company has $54000 in a bank account that pays an interest of 2% per year. How much money can it withdraw at the end of 1 year?
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A company has $54000 in a bank account that pays an interest of 2% per year. How much money can it withdraw at the end of 1 year?

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User Arezzo
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1 Answer

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you can withdraw $108 at the end of 1 year:2 over 100 multiply by 54000 then you will get 10800 then you take out 2 zeros
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User Amila Isura
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