Question: You invest 100 in a savings account with interest compounded

You invest $100 in a savings account with interest compounded annually at 10%.
a. How much money does the account have after one year?
b. How much money does the account have after five years?
c. How much money does the account have after x years?
d. How many years does it take until your savings more than double in size?

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  • CreatedSeptember 11, 2015
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