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פּוֹפּוּלָרִי Word Problems >

the initial value of an investment is 15,000. if the investment earns an annual rate of 1.1%. what is its value in 8 years?

פתרון

t h e ini t ia l v a l u e o f an in v es t m e n t i s 15, 000. i f t h e in v es t m e n t e a r n s an ann u a l r a t e o f 1.1%. w ha t i s i t s v a l u e in 8 ye a rs ?

פתרון

Amount : 16320

צעדי פתרון

Translate the problem into an equation:

A = 15000 (1 + 0.011 \cdot 8)

15000 (1 + 0.011 \cdot 8) = 16320

Amount : 16320

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