Suppose you have $100 in a saving account earning 2 percent interest a year. after five year how much would you have

$110.41

Explanation:

Provided that the interest is a "compounding interest," you will have $110.41 in 5 years. A compounding interest allows you to calculate the interest you can earn on your accumulated interest over time in addition to your deposit.

Let's calculate the interest on a yearly basis.

1. First year = $100 x 20% (0.02) = $2

You have to add $2 to the initial deposit of $100.

2. Second year = $102 x 20% (0.02) = $2.04

3. Third year = $104.04 x 20% (0.02) = $2.0808

4. Fourth year = $106.1208 x 20% (0.02) = $2.122416

5. Fifth year = $108.243216 x 20% (0.02) = $2.16486432

After five years, you will have $110.41.

the answer should be demonstrations i hope this

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.