Question

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.

Answer 1

Answer:

in two years the interest will be. 11236.

Answer 2

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