Mathematics, 31.10.2021 07:00 jones03riley
A sum of 450 Euros is invested at 3.2% per annum at compound interest. The following formula expresses the value of the investment after x years
V (x) = 450 (1,032) x
After how many years will the value exceed 600 euros?
Determine the profit obtained after 10 years. Keep in mind that the profit is the difference between the final amount in relation to the initial capital deposited.
Please help is for a exam
Answers: 2
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A sum of 450 Euros is invested at 3.2% per annum at compound interest. The following formula express...
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