If a person invests $100 at 4% annual interest, find the approximate value of the investment at the end of 10 years.

$140

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Simple Interest Rate Formula:

P is principle amountr is ratet is time

Step-by-step explanation:

Step 1: Define

Identify variables

P = 100

r = 4% = 0.04

t = 10

Step 2: Find Interest

Substitute in variables [Simple Interest Rate Formula]:                                 A = 100(1 + 0.04 · 10)(Parenthesis) Multiply:                                                                                      A = 100(1 + 0.4)(Parenthesis) Add:                                                                                            A = 100(1.4)Multiply:                                                                                                             A = 140

Answer is negative 2