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Populaire Word Problems >

Find the final amount of a \$2500 investment after 10 years at 9% growth.

Solution

F in d t h e f ina l am o u n t o f a $2500 in v es t m e n t a f t er 10 ye a rs a t 9% g ro wt h .

Solution

Amount : 4750

étapes des solutions

Translate the problem into an equation:

A = 2500 (1 + 0.09 \cdot 10)

2500 (1 + 0.09 \cdot 10) = 4750

Amount : 4750

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