3 years ago

4. Calculate the final value after 10 years if you invest $5000.00 at 2.5% per annum,

Mathematics

1 answer:

Solnce55 [7]3 years ago

8 0

Answer:

$6,400

Step-by-step explanation:

Amount = Principal(1 + rate)^time

A = 5000(1 + .025)^10

A = 5000(1.28)

A = 6400

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Pre-Algebra

Order of Operations: BPEMDAS

Brackets
Parenthesis
Exponents
Multiplication
Division
Addition
Subtraction

Left to Right

Algebra I

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