jessicaterrones57 jessicaterrones57
  • 24-01-2019
  • Mathematics
contestada

Mr.perkins has $120 in a savings account .the interest rate is 5% per year and it is not compounded how much will he have in 2 years

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agaissina1 agaissina1
  • 24-01-2019

Answer:

$132

5 percent of $120 is 6, 6*2 = 12


Answer Link
ujgerman ujgerman
  • 21-10-2019

Answer:

how much will he have in 2 years

Capital____120  

Interest_____12  

Final Value_132

Step-by-step explanation:

Cf = Capital final  

Ci = Capital inicial  

i = Tasa de interés  

n = Número de períodos  

 

I = C·i·t    

 

Savinga account_120  

Interest_________5%  

n______________2  

Comppound ____no  

 

I=120*5%*2      

I=12  

Capital____120  

Interest_____12  

Final Value_132  

Answer Link

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