SOLUTION: If you have $100 in the bank now that is growing at a rate of 4% a year, how many dollars will you have in the bank 10 years from now?

SOLUTION: If you have $100 in the bank now that is growing at a rate of 4% a year, how many dollars will you have in the bank 10 years from now?

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Question 920012: If you have $100 in the bank now that is growing at a rate of 4% a year, how many dollars will you have in the bank 10 years from now?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Simple or Compounded Interest?
compounded Interest
In General
A = Accumulated Amount
P= principal =
r= annual rate = .04
n= periods per year = 1
t= years =
= $148.02
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