Dick invested $9538 in an account at 10% compounded annually. Calculate the total investment after

Discussion in 'Calculator Requests' started by math_celebrity, May 4, 2019.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Dick invested $9538 in an account at 10% compounded annually. Calculate the total investment after 10 years. Round your answer to the nearest penny if necessary.

    Annual compounding means we don't need to make adjustments to interest rate per compounding period.

    Using our compound interest calculator, we get our new balance after 10 years of:
    $24,739.12
     

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