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If you save $4,500 at an interest rate of 13 percent per year, how much will you have at the end of seven years?

 Jan 7, 2015

Best Answer 

 #1
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The forumula for this is Total amount at the start(1+Percentage/100)^number of years

4500(1+13/100)^13 = 22041.04996

Therefore at the end of 13 years a person will have 22041.05 dolla

 Jan 7, 2015
 #1
avatar+20 
+5
Best Answer

The forumula for this is Total amount at the start(1+Percentage/100)^number of years

4500(1+13/100)^13 = 22041.04996

Therefore at the end of 13 years a person will have 22041.05 dolla

usiu96 Jan 7, 2015

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