collinsmaths collinsmaths

16-11-2021
Mathematics

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in order to raise enough money to buy a travelling bag, Ebuta deposits the sum of $200 in a savings account for 2 years at 5% per month interest on the initial principal. How much will be accruing to him at the end of the period

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Barlosoffdaperc Barlosoffdaperc

16-11-2021

Answer:

$200 times 5% = $10/MONTH

Step-by-step explanation:

$10 times 24 because theres 24 months in 2/YRS

$240 additional accruing funds at the end of the period!

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