SOLUTION: If $1 was invested in a savings account in 1900 at an annual interest rate of 1%, how much money would be in the account in 2000? ($101?)

SOLUTION: If $1 was invested in a savings account in 1900 at an annual interest rate of 1%, how much money would be in the account in 2000? ($101?)

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Question 781014: If $1 was invested in a savings account in 1900 at an annual interest rate of 1%, how much money would be in the account in 2000? ($101?)

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=1(1.01)^100
FV=1(2.70)
FV=$2.70
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