Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose you had $100 in a savings account and the

Suppose you had $100 in a savings account and the interest was 2% per year....

90.2K

Verified Solution

Question

Accounting

Suppose you had $100 in a savings account and the interest was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

The FedEx Survey Feedback Action (SFA) program is one example. SFA includes an anonymous survey that...

Psychology
1.2K views

How do the encyclicals correct or reject principles of Utilitarianism?

Electrical Engineering
1.2K views

A 3 phase 460 V, 60 Hz, 4 pole, delta connected induction motor has the following...

Biology
1.2K views

One of the following statements is true about oxidation of alcohols O A primary alcohol...

Geometry
1.2K views

Find the heigh radius of 12 in 1281 12 cubic

Basic Math
1.2K views

The following list shows the grams of fiber per serving for each flavor of oatmeal...

Statistics
1.2K views

A very large study showed that aspirin reduced the rate of first heart attacks by...

Accounting
1.2K views

Seven years ago, Halle (currently age 41) contributed $4,000 to a Roth IRA...

Accounting
1.2K views

Sigma Corporation applies overhead cost to jobs on the basis of direct labor...

Accounting
1.2K views

Homework: Chapter 16 Homework Score: 0 of 1 pt E16-20 (similar to) Save 1 of...

Accounting
1.2K views

Present value: $12,988.90Length of time: 5 years Rate: 8% Compounded: Quarterly Period used: 20 Rate...

Finance
1.2K views

Your friend recently finished her degree in Biology, and has just started her first full...