Register

A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?

A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?
46.7k views
0 votes
A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?

User Arsal
by
8.0k points

1 Answer

4 votes
2300*.065 = 149.5

149.5*10 = 1495

2300 + 1495 = $3795
User Fubo
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!