SOLUTION: I have $100 to invest. Each day the investment will grow 10% of itself (end of day 1 it will be $110, day 2 121, etc). What will the investment be after 30 days?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: I have $100 to invest. Each day the investment will grow 10% of itself (end of day 1 it will be $110, day 2 121, etc). What will the investment be after 30 days?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 366612: I have $100 to invest. Each day the investment will grow 10% of itself (end of day 1 it will be $110, day 2 121, etc). What will the investment be after 30 days?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=100(1+.1)^30
A=100*17.449
A=1744.90