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brutalgitaffe
30.08.2019 •
Mathematics
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
Solved
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Ответ:
B) 283.94
Step-by-step explanation:
Here we have to use the compound interest formula.
A =![P(1 + \frac{r}{100} )^n](/tpl/images/0211/6546/16a69.png)
Where A is the amount, P is the principle, r is the rate and n is the number of years.
Given: P = $100, r = 11, n = 10
Plug in the given values in the above formula, we get
A = 100(1 + 11/100)^10
A = 100(1 + 0.11)^10
A = 100(1.11)^10
A = $283.94
The answer is B) 283.94
Ответ:
what is SLOPE -.-
Step-by-step explanation:
id-k