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Popular Word Problems >

Kylie invested 1000 for 4 years at 10% pa.Find the value of the investment at the end of the term.

Solution

Ky l i e in v es t e d 1000 f or 4 ye a rs a t 10% p a . F in d t h e v a l u e o f t h e in v es t m e n t a t t h e e n d o f t h e t er m .

Solution

Amount : 1400

Solution steps

Translate the problem into an equation:

A = 1000 (1 + 0.1 \cdot 4)

1000 (1 + 0.1 \cdot 4) = 1400

Amount : 1400

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