Respuesta :
Answer:
using the formula of compound interest:
500*(1+(10/100)^2
500= money
1 = interest, so the multiplier has to be above 1
10/100 = 0.10 + 1 = 1.1 = multiplier
^2= years
then we get
500 *(1.1)^2
1.1^2 = 1.21
=605
Answer:
using the formula of compound interest:
500*(1+(10/100)^2
500= money
1 = interest, so the multiplier has to be above 1
10/100 = 0.10 + 1 = 1.1 = multiplier
^2= years
then we get
500 *(1.1)^2
1.1^2 = 1.21
=605