kingdiamond6753302 kingdiamond6753302

13-04-2021
Mathematics

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1. You deposit 2,000 dollars in an account that gains 5% interest compounded annually. How much will you have in the account in 20 years?

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gggg1590 gggg1590

13-04-2021

Answer:

500 dollars?

because 5% interest

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turkan232323 turkan232323

13-04-2021

2000:100x5 is 100( each year income)
100x 20 is 2000 dollars ( income)
2000(income)+2000( deposite= 4000

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