slabrada05 slabrada05
  • 22-02-2022
  • Mathematics
contestada

16. An initial investment of $10,000 grows at 11% per year. Calculate its value after 5 years.
Show work please

Respuesta :

18bafnaj 18bafnaj
  • 22-02-2022

Answer:

16850.58 (2DP)

Step-by-step explanation:

Compound Interest Formula = P(1 + [tex]\frac{r}{100}[/tex])^t

P = 10,000

Rate = 11%

Time = 5 years

10000(1.11)^5 = $16850.58

Answer Link

Otras preguntas

does anyone know french for tommorow?​
Oxygen is transferred (passed) into the blood from the ________?
which property makes radio waves ideal for carrying and transmitting data? a.) having long wavelengths b.) having high frequencies c.) transferring high amounts
Mi-Young makes 24 cups of seafood kalguksu.This is 60% of the total kalguksu she makes.
y^2 x^3-7x = ysin(x+y)
Need help ASAP!! HELP!!!!!
The value of a video game decreased by 30%. If the original cost was $45.00, what is the current value of the video game?
I'll mark Brainliest and you will get 40 pts, only if correct! Which question best allows a student to analyze part of “The Wanderings of Isis?” A. What did Is
BRAINLIEST! As a dolphin swims along the side of a cruise ship, he jumps to a height of seven meters above the water surface and dives to a depth of seven meter
Quick question um doing this assignment what numbers are divisible by 4 and 6 ?