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Popular Word Problems >

an investment of 75000 increases at a rate of 12.5% per year. FInd the value of the investment after 30 years

Solución

an in v es t m e n t o f 75000 in cre a ses a t a r a t e o f 12.5% p er ye a r . F I n d 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

Solución

Amount : 356250

Pasos de solución

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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