SOLUTION: a bank pays 6% interest on saving per year
ann deposited 1000 on savings account
how many interest will ann get at the end of 2 years
Algebra.Com
Question 936309: a bank pays 6% interest on saving per year
ann deposited 1000 on savings account
how many interest will ann get at the end of 2 years
Answer by oscargut(2103) (Show Source): You can put this solution on YOUR website!
Interest = $1000(1.06)(1.06) -$1000 = $123.6
Answer: $123.6
If you need more help or details you can contact me at:
mthman@gmail.com
Thanks
RELATED QUESTIONS
Ann put her $1,450 of savings into a bank account for 5 years. She will earn 2.0%... (answered by ikleyn)
Ann has her money in a bank account that pays her 2.0% interest each year on the amount... (answered by Theo)
Assume that on January 1st of this year you deposited $1,000 into a savings account that... (answered by checkley77)
SSG Woods deposited $1,500 in his savings account. If the bank pays him 8 1/2 % interest... (answered by ewatrrr)
Ann deposits $6000 into an account that pays simple interest at a rate of
4% per year.... (answered by Boreal,MathTherapy)
Ann deposits
$6000
into an account that pays simple interest at a rate of
4%
per... (answered by Boreal,MathTherapy)
A savings account in the Emigrant Savings Bank in New York now earns 2.25% simple... (answered by josmiceli)
Tuan deposited $1,500 in a saving account that pays an annual rate of 7% interest... (answered by solver91311,lwsshak3)
If Jackson deposited $400 at the end of each month in the saving account earing interest... (answered by mananth,math_tutor2020,ikleyn,greenestamps,MathTherapy)