Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

what is the amount returned on a deposit of $1,000 held for 2 years at 10% interest compound annually? ​

Sagot :

aravindsmadli

Answer:

since its 10%percent annualy(compound interest),at the end of 1year it would be 1000+(1/10 *1000)that is 1100,then for the second year it would be 1100+(1/10 * 1100)that is 1210.please mark me as brainliest

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.