If 100 is deposited in a savings account that pays 6 annual


If $100 is deposited in a savings account that pays 6% annual interest, what amount has accumulated by the end of the eighth year? How much of this is interest and how much is principal? (Answer: $159.4, $59.4, and $100)

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If 100 is deposited in a savings account that pays 6 annual
Reference No:- TGS02602255

Expected delivery within 24 Hours