At the beginning of each year a person puts 1,000 euros in a savings account, which offers compound interest. At the end of every year interest is added to the savings at the rate of 2% per year.

At the beginning of each year, a person puts 1,000 euros in a savings account, which offers compound sterne the rate of 2% per year. Use K, to denote the accumulated capital (in euros) at the end of year n. Please indicate whether each of the following statements is true or false; of the person added 2,000 euros annually to the account instead of 1,000 euros, then I twice as high for each n. b X 1020 x 1.02 0.02 euros. c It takes less than 30 years until there are more than 50,000 euros in the account d After 10 years, the person has more than 11,160 euros in his/her savings account If the person were to receive an interest rate of 4% Instead of 2%, then wou for each xi Next Macboat