If a person invests $250 at 9% annual interest, find the approximate value of the investment at the end of 15 years.

The value of the investment at the end of 15 years is $910.62

The formula to use in solving the question will be:

A = P(1+r)ⁿ

where,

A = Amount

P = Principal = $250

r = rate = 9%

n= number of years = 15

Putting the values into the formula will give:

A = P × (1+r)ⁿ

A = $250 × (1 + 9%)¹⁵

A= $250 × (1 + 0.09)¹⁵

A = $250 × 1.09¹⁵

A = $910.62

In conclusion, the value of the investment at the end of 15 years will be $910.62

Read related link on:

link

Assume compounding once per year. Then A = P(1+r)^t, where r is the annual interest rate as a decimal fraction and t is the number of years.

Then A = Value after 15 years = $250(1+0.09)^15 = $910.62

spinning a 1, 2, or 3. option d.

step-by-step explanation: when spinning a number graph up to 4, and aiming for any number less than 3, that automatically eliminates the number 4. now you have two numbers to spin on that are less than 3, but the number 3 is included in this question because it's no greater of an number than itself. i hope this you : )

2

step-by-step explanation: