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You have $17000 today in your savings account which pays interest at 2% p.a. effective. Which of the following gives the interest on interest you
You have $17000 today in your savings account which pays interest at 2% p.a. effective. Which of the following gives the interest on interest you earn over the next 9 years? (There may be more than one correct answer. You will lose mark by picking a wrong answer. The minimum mark for the question is zero.) Select one or more: a. 17000 * (1.02) 17000 17000 * 0.02 * 9 b. 17000 + (1.02) 17000 + (1 +0.02 * 9) c. 17000 + (1.02) d. 17000 + (1.02) 17000 * 0.02 + 9 e. 17000 * (1.02)' 17000
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