Question

Calculate the compound interest due in 25 years on 6,000 at 10 percent
compounded annually.
​

Answer 1

Answer:

65,008.24

Step-by-step explanation

y=6000(1.1)^x

y=6000(1.1)^25

y=65,008.24

How:

y=z(r)^x

6000=base amount(z

25=years(x)

1.1=every year increases 10%(r)

Answer(y)