Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
← 55 members online
 0 viewing
John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290
 8 months ago
 8 months ago
John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290
 8 months ago
 8 months ago

This Question is Closed

britbrat4290Best ResponseYou've already chosen the best response.1
A = 10,000 (1 + 0.1) ^ 2 $12,100
 8 months ago

HeroBest ResponseYou've already chosen the best response.0
The formula for annual compounding is: \[A = P(1 + r)^t\] A=Account Balance P=Principal r=rate (decimal form) t=time (in years)
 8 months ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.