SOLUTION: Find the interest, I, and the total amount, A, for 825 invested for 10 years at 4% APR, compounded annually.

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Question 942723: Find the interest, I, and the total amount, A, for 825 invested for 10 years at 4% APR, compounded annually.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
I'm assuming you mean 1 deposit of $825 and not $825 every year for 10 years,
A=825%281%2B4%2F100%29%5E%2810%29
A=825%281.04%29%5E10
A=825%281.4802%29
A=1221.20
So then,
I=1221.20-825
I=396.20