If an investor invests $2000 on January 1st every year guarantees him 4% per annum. if the interest is calculated on the 31st December how much will be the account on end of the 10th year?

Correct answer:

x =  2960.4886 USD

Step-by-step explanation:

a=2000 USD q=100%+4%=1+1004=1.04 t=10  x=a qt=2000 1.0410=2960.4886 USD

Did you find an error or inaccuracy? Feel free to write us. Thank you!

Tips for related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Units of physical quantities:

Themes, topics:

Grade of the word problem:

Related math problems and questions: