An entrepreneur's initial investment of $10,000 in a local restaurant rose in value by 12% for three consecutive years. At that point, the restaurant was suddenly shut down by the Board of Health, and she received half of what her stake was worth. How much money did she receive?

Question

neer2890 · Answer

$$Interest=\frac{ Principle*Rate*Time }{ 100 }$$

study12 · Answer

thats 36. not right, assist me please

neer2890 · Answer

I=(10,000*12*3)/100=3600
so by question , she receives half of total

neer2890 · Answer

Amount= principle+interest