Your parents give you $100 on your 16th birthday. you put it into a savings account with 3% annual interest. how much money will you have if you don't touch it until you turn 18? explain a little

I=PRT

x=(100)*(0.03)*(2)

x=6

100+6=106

To find the amount of money you'll have saved after 2 years of not touching it, you have to find the interest first. To find the interest, you multiply the principle (100) by the annual interest rate (3%/0.03) and the rate by time in years (18-16=2)

100*0.03*2=6

Now, you add the interest (6) to the original investment (100) you get 106.

If you don't touch your inputted initial amount until you're 18, you will have 106 dollars.

squares, rhombus, rectangles

a=24; b=12

step-by-step explanation:

a/b=2: 1

a=2b

36/(1+2)=12

b=12

a=24