document.write( "Question 1158132: Julienne deposited her money amounting to P5,500 to her saving account in the CCJE cooperative. If the coop gives 6% interest per annum. How much would her money be after 10 years? \n" ); document.write( "

Algebra.Com's Answer #781067 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

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Julienne deposited her money amounting to P5,500 to her saving account in the CCJE cooperative.
\n" ); document.write( "If the coop gives 6% interest per annum.
\n" ); document.write( "How much would her money be after 10 years?
\n" ); document.write( ":
\n" ); document.write( "Assume it is compounded annually A = Ao(1+r)^t, where
\n" ); document.write( "A = amt after t time
\n" ); document.write( "Ao = initial amt
\n" ); document.write( "r = interest rate in decimal form
\n" ); document.write( "t = time in yrs
\n" ); document.write( ":
\n" ); document.write( "A = 500(1 + .06)^10
\n" ); document.write( "A = 500(1.06)^10
\n" ); document.write( "Find 1.06^10 on your calc
\n" ); document.write( "A = 500 * 1.7980477
\n" ); document.write( "A = $895.42 after 10 yrs \n" ); document.write( "

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