Money and finance
 

Money and finance problem 30


John decided to save. He deposited in his bank account. The bank offers an annual compound interest rate of .


  • How much money will John have after 2 years?


  • How much money will he have in total after seven years, if after 2 years he added another ?


  • What would be the interest rate for the initial deposit to double in 10 years?


 

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