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Popular Word Problems >

An investment of \$75,000 increases at a rate of 12.5% per year. What is the value of the investment after 30 years?

Solução

A n in v es t m e n t o f $75, 000 in cre a ses a t a r a t e o f 12.5% p er ye a r . Wha t i s t h e v a l u e o f t h e in v es t m e n t a f t er 30 ye a rs ?

Solução

Amount : 356250

Passos da solução

Translate the problem into an equation:

A = 75000 (1 + 0.125 \cdot 30)

75000 (1 + 0.125 \cdot 30) = 356250

Amount : 356250

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