Mathematics: If a person invests $290 at 6% annual interest, find the approximate value of the investment at the end of 15 years

Prime numbers 1-30 are: 1 2 3 5 7 11 13 17 19 23 29So it would be: 2, 5, 23...

If a person invests $290 at 6% annual interest,

matthewarroyo8988

12.03.2022

A = $ 695.00

Step-by-step explanation:

given,

person invests money = $290

interest rate = 6 %

time for which the investment is done = 15 years.

using compound interest formula

$A =P \times (1+\dfrac{r}{100})^t$

$A= 290 \times (1+\dfrac{6}{100})^{15}$

A = $ 695.00

Hence, the approximate value after investment for 15 years comes out to be

A = $ 695.00

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