Question

Need help I’m really dumb

Answer 1

Answer: 83485

=====================

Explanation:

The formula we will use is

A = P*(1+r)^t

with

A = final amount = unknown (what we want to find)

P = starting amount = 24000

r = growth rate in decimal form = 0.12

t = number of years elapsed = 11 (since we go from 2014 to 2025)

Plug those values mentioned into the formula. Then use a calculator to simplify

A = P*(1+r)^t

A = 24000*(1+0.12)^11

A = 24000*(1.12)^11

A = 24000*3.47854999334551

A = 83485.199840292

A = 83485

The investment will be worth about 83485 dollars

Answer 2

Answer:

$ 44,628

Step-by-step explanation:

Total Interest

$ 32,628