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Alex787 [66]
3 years ago
10

future value = P × (1+ i)t `"present value" = "P" / (1 + i)^"t"` What would be the value of $100 after 10 years if you earn 11 p

ercent interest per year?
Mathematics
1 answer:
Dima020 [189]3 years ago
3 0

Answer:  $283.94

<u>Step-by-step explanation:</u>

A=P(1+r)^t\\\\\bullet P=100\\\bullet r=11\% \implies 0.11\\\bullet t=10\\\\\\A=100(1.11)^{10}\\.\ =283.94

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