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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?

User Evanb
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10 votes
1620
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!
User Melena
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