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Valpey
 2 years ago
Best ResponseYou've already chosen the best response.0It sounds like you are asking what is 98 percent compounded 10 times.

lgbasallote
 2 years ago
Best ResponseYou've already chosen the best response.0...or maybe he's really just asking 100(1  0.02)^10. rounded to the nearest tenth

Valpey
 2 years ago
Best ResponseYou've already chosen the best response.0(10.02) = 0.98 or 98 percent. 98 percent compounded twice is 0.98 * 0.98 = 0.9604 or 96%. 98% compounded 10 times or (0.98)^10 is 0.817 or 81.7%
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