3 years ago

A principal of $3800 is invested at 3% interest, compounded annually. How much will the investment be worth after

1 answer:

3 0

Total = Principal * (1 + rate)^years
Total = 3,800 * (1.03) ^ 10
Total = 3,800 * 1.3439163793 
Total = 5,106.88

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