Question

How much will you have at the end of the years if you ivest $100in am account that pays 10%annual interest componded once a year

Answer 1

Dear student , amount = P = $100 , rate of interest = R = 10% . Total amount got after 1 year = P[1 + R/100]¹ = 100[1 + 10/100] = $110 . Regards