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Home » \( 1,600 \times \left(\frac12\right)^3 \) - ToelettAPP

\( 1,600 \times \left(\frac12\right)^3 \) - ToelettAPP

📅 March 9, 2026 👤 scraface

Mar 09, 2026

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📌 \times 2^3 = 500 \times 8 = 4000

📌 #### 4000 bacteria

📌 An entrepreneur invests $10,000 in a startup. The investment grows at an annual rate of 5%, compounded annually. What will be the investment's value after 10 years?

📌 The future value \( FV \) is calculated using the compound interest formula:

📌 FV = P(1 + r)^n

📌 where \( P = 10000 \), \( r = 0.05 \), and \( n = 10 \).

📌 FV = 10000 \times (1 + 0.05)^{10} = 10000 \times 1.62889 \approx 16288.9

📌 #### $16,288.90

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