johnathankrzywicki johnathankrzywicki

29-03-2019
Mathematics

contestada

future value = P × (1+ i)t `"present value" = "P" / (1 + i)^"t"` What would be the value of $100 after 10 years if you earn 11 percent interest per year?

Respuesta :

tramserran tramserran

29-03-2019

Answer: $283.94

Step-by-step explanation:

[tex]A=P(1+r)^t\\\\\bullet P=100\\\bullet r=11\% \implies 0.11\\\bullet t=10\\\\\\A=100(1.11)^{10}\\.\ =283.94[/tex]

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