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katrin2010 [14]
3 years ago
7

A principal of $2000 is invested at 6% Interest, compounded annually. How much will the investment be worth after 11 years

Mathematics
2 answers:
bezimeni [28]3 years ago
6 0
A principal of $2000 is invested at 6% Interest, compounded annually. How much will the investment be worth after 11 years
Use the calculator provided and round your answer to the nearest dollar.
Mashutka [201]3 years ago
4 0

Answer: $3,797

Step-by-step explanation:

Because it is a 6% interest, the value increases by 1.06x each time.  Because it changes 11 times, simply do

2000*1.06*1.06*1.06*1.06*1.06*1.06*1.06*1.06*1.06*1.06*1.06 to get 3796.59712

Hope it helps <3

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Her weight after 2 weeks = [weight of week 1] * 1.08 = [103* 1.08] * 1.08 = 103 * 1.08²

Weight after 3 weeks= [weight of week 2] * 1.08 = [103 * 1.08 * 1.08] * 1.08 = 103 * 1.08³

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t = log 1.32/log 1.08

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