Need help solving this problem. If there's an equation at the end, need help in how to solve that also. Compounded interest problem.
Principal $825. Rate 4%. Compounded Annually. Time 10 years.
Math - MathMate, Wednesday, February 9, 2011 at 9:13am
What is required?
Amount=Principal(1+rate)^(number of periods)
amount = 825*(1+0.04)^10