Question

What is 10% of 10.7 billion? What would the total for 5 years of growth at this rate? what is the formula?

Answer 1

a) 1.07 billion

b) 17.232 billion

c) Total amount = (Principle amount) × (1 + (r/100))^t

Explanation:

Given:

Rate, i = 10%

a) 10% of 10.7 billion

or

= (10/100) × 10.7 billion = 1.07 billion

b) Time, t = 5 years

rate, i = 10%

Now,

Total amount = (Principle amount) × (1 + (r/100))^t

on substituting the values, we get

Total amount = (10.7 billion) × (1 + (10/100))^5

or

Total amount = (10.7 billion) × 1.6105

or

Total amount = 17.232 billion

c) Total amount = (Principle amount) × (1 + (r/100))^t

Answer 2

10% of 10.7 billion is 1.07 billion

amount = principal
`(1 + rate/100)^(time)`

growth amount is 17.232457 billion

Explanation:

given data

rate = 10%

amount = 10.7 billion

time 5 year

to find out

growth and formula and 10% of 10.7 billion

solution

we have given

10% of 10.7 billion

so 10/100 × 10.7 = 1.07 billion

10% of 10.7 billion is 1.07 billion

and

formula is

amount = principal
`(1 + rate/100)^(time)`

so

now put value here principal = 10.7 billion rate = 10 and time 5 year

amount = 10.7
`(1 + 10/100)^(5)`

amount = 10.7 × 1.61051

growth amount is 17.232457 billion