3,094 write the decimal in words
1 answer:
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The investment will be $2653.30 after 20 years.
Step-by-step explanation:
Given,
Principal(P) = $ 1000
Time (T) = 20 years
Rate of interest(R) = 5%
To find the amount after 20 years
Formula
Amount(A) = P
Now putting the values of P, T and R we get,
A = $1000
=$ 1000
=$ 2653.297
= $ 2653.30
Hence, the investment will be $2653.30 after 20 years.