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Swimmer1011 Swimmer1011
  • 11-01-2017
  • Mathematics
Answered

What would be the value of $100 after 10 years if you earn 11 percent interest per year

Verified Answer :

AgeLannister
AgeLannister AgeLannister
  • 11-01-2017

10 times 11% is 11 dollars, so 11 times 10 equals 110. Then 110 plus 100 equals 210. So you'd have $210 after ten years with 11 percent interest.

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