Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the

Post by answerhappygod »

Ahmad deposits $1,200 in her bank today. If the bank pays 4percent simple interest, how much money will she have at the end offive years? What if the bank pays compound interest? How much ofthe earnings will be interest on interest?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply