mungulde
Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Mrs. C loans Mr. R $50 000 to start his magic shop. She charges him 20% interest compounded anually. how much will he own her in FIVE years? Show your work including the formula for calculating compound interest.​

Sagot :

soellerssean73

Answer:

2,000

Step-by-step explanation:

joshuacyosmith

Answer: it should be 100,000

Step-by-step explanation:

If I am doing this right than 20% of 50,000 is 10,000. That will be 50,000. So 50,000+50,000=100,000.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.