Question

$10,000 compounded every 2 years with a 10% interest rate. How much will this be worth in 10 years

Answer 1

$110,000

I got this answer from multiplying 10,000 by 10 then adding 10% of 10,000 (which is one thousand) 10 times, which got me an additional 10,000, and that's how I got my answer. Please comment on this answer and tell me if it is wrong, I really hope it isn't wrong. I also hope this helps you on your way, have a great day!