jawhs jawhs
  • 26-01-2022
  • Mathematics
contestada

Vhat would be the value of $100 after 10 years if you earn 11 percent interest per year?

Respuesta :

s1m1
s1m1 s1m1
  • 26-01-2022

Answer:

about $283.94

Step-by-step explanation:

P= $100

t= 10 years

r = 11%/ year = 0.11/year

A = P ( 1+ r) ^t

A = 100(1+0.11) ^10

A = 100* 1.11^10

A ≈ $283.94

Answer Link

Otras preguntas

I need help with this question
What is the human right act
helpppppp this is all do by tonight
Which element should be included in the introduction paragraph of a historical essay? A. A works-cited list B. A thesis statement C. Detailed evidence D. A dire
Explain the importance of reconciling the bank at set dates
1. Which of the following will be surrounded by a magnetic field? * 1Two copper wires held close together. 2A pot being heated on an electric stove. 3A wire tha
x- y = 1, -3x + 3y = 3 Does this equation have no solution?
Can someone help on a) please! Its due soon :(
The Treaty of Dancing Rabbit Creek ceded more than ___________ of Choctaw land to the state of Mississippi. A. 7.5 million acres B. 8.5 million acres C. 2.5 mil
Please answer this correctly without making mistakes I want experts and ace people to answer this correctly without making mistakes Divide. Write your answer u