Register

A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?

A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?
asked 46.7k views
0 votes
A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?

asked
User Arsal
by
8.0k points

1 Answer

4 votes
2300*.065 = 149.5

149.5*10 = 1495

2300 + 1495 = $3795
answered
User Fubo
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!