Question

If a person invests $190 at 8% annual interest, find the

approximate value of the investment at the end of 10 years.

Answer 1

$410

Answer From Gauth Math

Explanation:

This the problem of compound interest

If any amount P is invested at rate of r% per year then its value after n years is given by

amount =

______________________________

Given

p = $190

r =8%

n = 10 year then