How much interest will you earn in the first year


Problem:

Compound Interest. Old Time Savings Bank pays 4 percent interest on its savings accounts. If you deposit $1,000 in the bank and leave it there, how much interest will you earn in the first year? The second year? The tenth year?

Solution Preview :

Prepared by a verified Expert
Finance Basics: How much interest will you earn in the first year
Reference No:- TGS02083639

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)