Find your Math Personality!
Solution:
Future value of an Investment at r% for n years is given by:
Future Value = Initial Investment (1 + r/100)n
If r = 10% and n = 10 years
Future Value = 10000(1 + 10/100)10
= 10000(1.1)10
= 10000(2.594)
= $ 25940
Hence the required value is$ 25940.
Summary:
The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
Math worksheets and
visual curriculum
Author: Domingo Moore
Last Updated:
Views: 6208
Rating: 4.2 / 5 (73 voted)
Reviews: 80% of readers found this page helpful
Name: Domingo Moore
Birthday: 1997-05-20
Address: 6485 Kohler Route, Antonioton, VT 77375-0299
Phone: +3213869077934
Job: Sales Analyst
Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio
Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.