ericbylykbashi9 ericbylykbashi9
  • 25-07-2022
  • Mathematics
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If my savings of $x grows 10% each year. how much will I have in: 2 years

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adioabiola
adioabiola adioabiola
  • 26-07-2022

The amount I'll have in two years at the growth rate described is; $1.21x.

How much will I have in 2 years?

Since it follows that the savings grow by 10% each year, it can be concluded that the growth factor is; 110% = 1.1

Hence, in two years, we have;

= $x × (1.1)²

= $1.21x.

Read more on growth factor;

https://brainly.com/question/3451703

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