➷ final = original x multiplier^n
n is the number of years
Substitute in the values:
final = 125000 x 1.035^10
Solve:
final = 176324.8451
Your answer is $176,324.84
➶ Hope This Helps You!
➶ Good Luck (:
➶ Have A Great Day ^-^
↬ ʜᴀɴɴᴀʜ ♡
Hey there! Thanks for asking your question here on Brainly!
To solve this problem, we'll need to use an exponential equation. The exponential equation we'll be using here is y = ab^x. Where y is the result or amount, a is the starting/initial value, b is the rate of change or growth/decay rate, and x is the time.
In this problem, a = 125000, b = 1.035, and x = 10.
First, we'll need to set up a simple equation without plugging in the time. This equation would be y = 125000(1.035)^x.
Second, we'll plug in 10 for x, because the time is 10 years. The equation after plugging in 10 for x would be y = 125000(1.035)^10.
Lastly, all we have to do is plug this equation into a calculator. The answer is y = $176324.85.
Hope this helps!! :)
