Ask Question
25 October, 18:39

What is the value 10 years from now of $200 deposited in an account earning 12% interest?

+2
Answers (2)
  1. 25 October, 18:49
    0
    Answer:240

    Step-by-step explanation:

    $200*12%=24

    24*10=240
  2. 25 October, 18:58
    0
    Answer:$440

    Step-by-step explanation:

    Principal (p) = $200

    Rate (r) = 12%

    Time (t) = 10years

    Simple interest = (pxrxt) ➗ 100

    Simple interest = (200x12x10) ➗ 100

    Simple interest=24000 ➗ 100

    Simple interest=240

    Total amount=p + simple interest

    Total amount = 200+240

    Total amount = 440
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the value 10 years from now of $200 deposited in an account earning 12% interest? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers