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Scarlet open a savings account and deposited $100 as principal. The account earns 10% interest, compounded yearly. What is the balance after 9 years?

Scarlet open a savings account and deposited $100 as principal. The account earns 10% interest, compounded yearly. What is the balance after 9 years?
asked 52.9k views
3 votes
Scarlet open a savings account and deposited $100 as principal. The account earns 10% interest, compounded yearly. What is the balance after 9 years?

asked
User Amlwin
by
7.9k points

1 Answer

1 vote

Answer:

190

Explanation:

100x10x9/100=90

balance=100+90=190

answered
User Max Niagolov
by
8.0k points
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