SOLUTION: The expression 1500(1.1)^t represents the value of a $1500 investment that earns 10% interest per year, compounded annually for t years. Find the value of the investment at the end

Question 1048352: The expression 1500(1.1)^t represents the value of a $1500 investment that earns 10% interest per year, compounded annually for t years. Find the value of the investment at the end of 5 years.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
The expression 1500(1.1)^t represents the value of a $1500 investment that earns 10% interest per year, compounded annually for t years. Find the value of the investment at the end of 5 years.
-------------
Sub 5 for t and calculate.
RELATED QUESTIONS
The expression represents the value of a $1500 investment that earns 12% interest per... (answered by ikleyn)

investing: the expression 1000 (1.1)t represents the value of a $1000 investment that... (answered by rfer)

1. Suppose an investment of $15,000 doubles every 15 years. How much is the investment... (answered by lynnlo)

word problem that I need help with Keiven earned $165 interest for 1 year on an... (answered by stanbon)

Abe deposits $1500 into a savings account that pays 1.96% per year for t years. How long (answered by Theo)

Find the length of time required for an investment of $1500 to amount to $2000 at rate of (answered by ikleyn)

Find the length of time required for an investment of $1500 to amount to $2000 at a rate... (answered by MathTherapy)

Kevin earned $165 interest for 1 year on an investment of $1500. At the same rate, what... (answered by askmemath)

Terry earned $165 interest for 1 year on an investment of $1500. At the same rate, what... (answered by Nate,stanbon)