Calculate the slope of the line
1 answer:
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Answer:
$12800.85
Step-by-step explanation:
Given information: Principal = $10,000, rate of interest = 0.05, number of times interest compounded=2, time = 5 years.
The formula for amount after compound interest is
where,
P is principal.
r is rate of interest.
n is number of times interest compounded per unit period.
t is number of periods.
Substitute the given values in the above formula.
Therefore, the future value of the $10,000 investment in five years is $12800.85.