anonymous
  • anonymous
John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290
Mathematics
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
A = 10,000 (1 + 0.1) ^ 2 $12,100
Hero
  • Hero
The formula for annual compounding is: \[A = P(1 + r)^t\] A=Account Balance P=Principal r=rate (decimal form) t=time (in years)
anonymous
  • anonymous
thanks @britbrat4290

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anonymous
  • anonymous
no prob :)

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