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You deposit $200 in an account earning 6% interest compounded annually. How much will you have in the account in 10 years?

You deposit $200 in an account earning 6% interest compounded annually. How much will you have in the account in 10 years?
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You deposit $200 in an account earning 6% interest compounded annually. How much will you have in the

account in 10 years?

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User Mandy
by
8.1k points

1 Answer

3 votes
20,000

200x 6 is equal to a dynamic number of fractions so if you multiply 12,000 and divided by 6% you will have 2000 in Life savings
answered
User Delevoye Guillaume
by
8.2k points
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