Sunday

February 1, 2015

February 1, 2015

Posted by **Teresa** on Sunday, September 26, 2010 at 8:40am.

- algebra -
**Henry**, Sunday, September 26, 2010 at 7:08pmSince you didn't say how often it was compounded, i'll assume simple interest.

Pt = Po + r*t*Po,

Pt = Amount after time t (30 years),

Po = Initial investment,

r = annual percentage rate (APR) expressed as a decimal.

Pt = 30000 + 0.03625 * 30 * 30000,

Pt = 30000 + 32625 = 62625.

**Answer this Question**

**Related Questions**

Math - $100 is deposited in a savings account that pays 4% interest compounded ...

Algebra - A company invests $15,000.00 in an account that compounds interest ...

Algebra Question~! - A company invests $15,000.00 in an account that compounds ...

Algebra B - I can't figure this out, please help... A company invests $15,000.00...

Algebra B PLEASE HELP - I can't figure this out, please help... A company ...

Math - Use the compound interest formula to solve: $18,000 is invested in an ...

Algebra - Use the compound interest formula $18,000 is invested in an account ...

accounting statistics - Find the balance at the end of 6 years of $5000 ...

compound interest - How do I solve these problems? Complete the table for a ...

Math - A company invests $15,000.00 in an account that compounds interest ...