Question

$100 earning 2% interest a year after 5 years how much would you have?

Answer 1

Answer:

TOTAL = principal * (1 + rate) ^ years

Total = 100 * 1.02 ^ 5

Total = 100 * 1.1040808032

Total = 110.41

Step-by-step explanation:

Answer 2

The answer should be 110.41