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If you invest $40 in an account for 10 years at a 3% interest rate how much money will you have?

If you invest $40 in an account for 10 years at a 3% interest rate how much money will you have?
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If you invest $40 in an account for 10 years at a 3% interest rate how much money will you have?

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User Aaronheckmann
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1 Answer

6 votes
A=P(1+ rt)
P(principal, how much you put in)=$40
r(rate)=3%= 0.03
t( time in years)= 10 years
Therefor A=$52
answered
User N Jedidiah
by
7.6k points
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