Question

PLEASE HELP !!!!!

12. Make a Prediction Hannah invests money in a fund that promises to provide
10 percent interest each year. Write an expression to show how much money
Hannah has in the fund after 1 year, with p representing the principal amount
she invests. Simplify the expression. Suppose Hannah invests $1000 in the fund
and leaves it there for 3 years. How much money will she then have? Explain.

Answer 1

P=$1000
Time =3 yrs
Rate =10%
So from the formula of interest =(p*t*r)/100
(1000*3*10)/100
=300
Therefore 300+1000=1300
After 3 years