Question

Am I correct with 950 here?

Answer 1

A = P e ^rt

Answer 2

Are you saying you will get 950, which is same as the starting investment, after 10 years ?

why do you want to put money in bank for 10 years that pays no interest ?

Answer 3

which equals 9511 when rounded

Answer 4

that doesn't look real/correct

which formula are you using?

Answer 5

sorry I didnt mean $950, I meant $9511

Answer 6

are you using the formula given by welshfella ?

Answer 7

yes

Answer 8

\[\large A = 950*e^{0.065*10} = ?\]

Answer 9

use calculator/wolfram

Answer 10

1819

Answer 11

careful,
1819.76 rounds to 1820

Answer 12

unless you round up 10 1820

Answer 13

1820 is right