The future value of 1000 with annual compounding for 10 years is $1967.15.
The formula for calculating with annual compounding is:
FV = P (1 + r)^n
- FV = Future value
- P = the amount deposited
- R = interest rate
-
N = number of years
1000 x (1.07)^10 = $1967.15
To learn more about future value, please check: brainly.com/question/18760477
Answer:
first get a common denominator by multiplying 7 and 4 to get 28
28 is our common denominator here.
Step-by-step explanation:
We want to add the fractions 2/7 and 1/4
(2/7) * (4/4) and (1/4) * (7/7)
(2/7) * (4/4) + (1/4) * (7/7) = 8/28 + 7/28 = 15/28
M+15=65 could this be the answer you are possibly looking for? if the m is Mai's savings "increased by 15" would simply be adding 15 and it would be equal to 65
