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krek1111 [17]
3 years ago
6

1. Sophie invested $5,000 into an account that will increase 2.3% each year. Find the value of the investment after 15 years.

Mathematics
2 answers:
alexira [117]3 years ago
8 0

Answer:

1. about 7032.42 dollars

Step-by-step explanation:

The equation would be 5000*(1.23)^15, which would result in the really long number 7032.415298, which would simplify to $7032.42.

Mazyrski [523]3 years ago
6 0

Answer:

1. End amount, after 15 year would be $7,032.42

2. It would take around 30 years

3. After 15 years the interest she would've earn will amount to $2,032.42

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