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Camden put $25,000 in an investment 10 years ago. The investment increased in value by 5.6% per year. What is the value of the investment now?

Camden put $25,000 in an investment 10 years ago. The investment increased in value by 5.6% per year. What is the value of the investment now?
asked 165k views
1 vote
Camden put $25,000 in an investment 10 years ago. The investment increased in value by 5.6% per year. What is the value of the investment now?

asked
User Paras Shah
by
8.7k points

1 Answer

5 votes

Answer:

$26,000

Explanation:

5.6% of $25,000

=$1400

$1400+$25,000= $26,000

answered
User TNR
by
8.2k points
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