SOLUTION: please help me solve the following; If you invest R10000 at 10 percent now,how much will it be worth after 20 years? Pleas explain thank you

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Question 613320: please help me solve the following; If you invest R10000 at 10 percent now,how much will it be worth after 20 years? Pleas explain thank you
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount
P= principal = 10000
r= annual rate = .10
n= periods per year = 1
t= years = 20
A = 10000(1.10)^20 = R67274

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