Amy deposits $10,000 from Dulles Bank at a compound interest rate of 6%. In 2 years, how much interest will she have earned? $
In 4 years, how much money will she have? $
Only put numbers; no $, no comma, decimal only if necessary, round to nearest cent on #2.
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Answered by
1
Answer:
in two years the interest will be. 11236.
Answered by
1
Hey friend ! here is ur answer.........hope it helps .....
principal =10000
Rate=6%
T(time period)=2 yrs.
SI(SIMPLE INTEREST) = PRT÷100=10000*6%*2yrs÷100=1200
SI in 2 years =1200
Therefore,money in 4 years = PRT÷100=10000*6%*4yrs÷100=2400
SI in 4 years= 2400
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