Tulio will invest $1,000,000 at 5% annual interest. Determine how much money will Tulio have after 10 years if the interest is
calculated using the following methods.
1 answer:
Answer:
$1,500,000
Step-by-step explanation:
Given
Principal = $1,000,000
Rate = 5%
Time = 10years
Interest = PRT/100
Interest = 1000000*5*10/100
Interest = 100000*5
Interest = $500,000
Amount after 10years = $1,000,000+ $500,000
Amount after 10years = $1,500,000
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Well what i got was 79.3 by finding the average by adding it all together then divided it by how many numbers
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Divisor
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