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21 August, 05:07

A principal of $3800 is invested at 3% interest, compounded annually. How much will the investment be worth after

10 years?

Use the calculator provided and round your answer to the nearest dollar.

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Answers (1)
  1. 21 August, 05:59
    0
    Total = Principal * (1 + rate) ^years

    Total = 3,800 * (1.03) ^ 10

    Total = 3,800 * 1.3439163793

    Total = 5,106.88
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