ericbylykbashi9 ericbylykbashi9
  • 25-07-2022
  • Mathematics
contestada

If my savings of $x grows 10% each year. how much will I have in: 2 years

Respuesta :

adioabiola
adioabiola adioabiola
  • 26-07-2022

The amount I'll have in two years at the growth rate described is; $1.21x.

How much will I have in 2 years?

Since it follows that the savings grow by 10% each year, it can be concluded that the growth factor is; 110% = 1.1

Hence, in two years, we have;

= $x × (1.1)²

= $1.21x.

Read more on growth factor;

https://brainly.com/question/3451703

#SPJ1

Answer Link

Otras preguntas

hindus belived that your caste could be changed by ______
Witch is a primary way an archaeologist would decide where a tample stood A. evaluating clues on clay tablets B. reading about the remains of an ancient s
A solid object has a mass of 30 grams and a volume of 10 cm3. Which is the density of the object?
The present-day Republican Party is descended from the _______ Party. A. Federalist B. Democratic Republican C. Anti-Federalist D. Conservative
what is 1/12 of $15.00
Describe the cartoon's message about early agrarian societies in one sentence:
consider a wooden chair and a balloon. what do these two objects have in common
What is a benefit of a confederate government? A. It has absolute authority and the power to embrace all matters of human concern. B. The people are the source
All insurance is based on a principle called
Compare the temperature of water as ice begins to form with the temperature of ice as it begins to melt?