Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

What would be the value of $100 after 10 years if you earn 11 percent interest per year?

A.
$259.37
B.
$283.94
C.
$110.46

Sagot :

foxy112908

Answer: B would be your answer

Principal= P

Rate of annual compound interest = r %

Time = n year

then add the amount, A  = P * (1 + (r)/(100))^(n)

= $283.94

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.