3 years ago

144 years ago, your great-great grandfather lost $80 playing poker

Mathematics

1 answer:

Dima020 [189]3 years ago

7 0

Compound interest formula:

A = P(1 + r/n)^nt

A = Final amount

P = starting amount

r = interest rate

n = number of compounding per year

t = number of years

A = 80(1+ 0.035/1)^(1*44)

A = 80(1.035)^144

A = $11,337.06

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