Home » Forums » Science homework help

math/science question

Submitted by tiara on 12. January 2005 - 23:38

$2 in the bank at 7% interest
how much $$ in 300 years?

‹ science
»

math/science question

Submitted by Tutor on 13. January 2005 - 7:49.

Guests
Please note only registered students are allowed to post,if you want to post please register ,login into your account and then post the message

Thanks

»

math/science question

Submitted by Tutor on 13. January 2005 - 7:28.

Hello
You are welcome to MyTutorOnline homework help message board

The general forumula for solving such type of problems is

Amount = Principle( 1+rate/100)^n

Putting values of different knowns we have
Amount = 2*(1+ 7/100)^300
=1306662120

»