lonewolf265
Multiple choice :)
The amount to which $1000 accumulates if invested for 2 years at 10% interest paid annually is?
A. $1020.10
B. $1100
C. $1200
D. $1210
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Wolfboy
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10% of a thousand is 100 right
Wolfboy
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100+1000=1100
Wolfboy
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10%1100 is 110
nissn
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1000*(1.1)^2=1210
nissn
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which means 1000*1.1=1100.
1100*1.1= 1210
lonewolf265
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tyvm! i hate all money questions.. lol
Wolfboy
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Sorry I couldn't finish it for you my iPad froze up and got weird :(
lonewolf265
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no prob :)