WILL GIVE MEDAL AND FAN!!!! If you were to deposit $100 into a savings account that earned 8% interest and left it there for 10 years without adding any more money, how much would you have after 10 years? (Personal Finance)

Question

cheesecakekitten · Answer

T-T

tkhunny · Answer

Insufficient information.  You will have to specify the compounding methodology.
Insufficient post.  You will have to show SOME work of your own,

cheesecakekitten · Answer

What??? dude i have no idea what your saying

tkhunny · Answer

Whatever grade you are in, you must show your work.  You CANNOT have NO idea.  Do better.

Whatever grade you are in, interest rate problems of this sort cannot be solved without better information concerning compounding.  Is it simple interest?

If you are in the 6th grade, do you meet the Age Requirements for an account in OpenStudy?

cheesecakekitten · Answer

Uh, this is MY question

tkhunny · Answer

Good call, @CheesecakeKitten   I missed that.

cheesecakekitten · Answer

no problem

tkhunny · Answer

So,... You lied about being in 6th grade.

@CheesecakeKitten So, what say you of the compounding.  Is it "Simple" or "Compound"?  The problem statement MUST say unless it was very clearly discussed in class or in a particular section of your textbook.  We CANNOT solve the problem without that information.

cheesecakekitten · Answer

I'll just do this without OpenStudy, thnx anyways

tkhunny · Answer

OpenStudy or not OpenStudy, you will have to answer that question.