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

Algebra ->  Percentage-and-ratio-word-problems -> 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      Log On

 

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