#2 Interest & discount
By hennars
@hennars (250)
United Arab Emirates
January 3, 2007 1:43am CST
2) Carlos deposited $1,000 at a bank that pays 10% interest every year.
a)If the money were kept in bank for 2 years, what Carlo's balance be then?
b)What percentage of the initial deposit would Carlos be getting in terest at the end of 2-year period?
1 response
