Suppose you opened a savings account with an annual interest rate of 2% and deposited $100,000 at the time you opened it

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Suppose you opened a savings account with an annual interest rate of 2% and deposited $100,000 at the time you opened it

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Suppose You Opened A Savings Account With An Annual Interest Rate Of 2 And Deposited 100 000 At The Time You Opened It 1
Suppose You Opened A Savings Account With An Annual Interest Rate Of 2 And Deposited 100 000 At The Time You Opened It 1 (12.75 KiB) Viewed 70 times
Suppose you opened a savings account with an annual interest rate of 2% and deposited $100,000 at the time you opened it. Suppose the interest compounds continuously in time and you deposit $10,000 into this account annually. How much money do you have in this account after 10 years?
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