A principal of $2900is invested at 3.25% interest, compounded annually. How much will the investment be worth after 9years? Use the calculator provided and round your answer to the nearest dollar.

Given:

Principal = $2900

Rate of interest = 3.25% compounded annually.

Time = 9 years.

To find:

The amount of investment after 9 years.

Solution:

The formula for amount is:

Where, P is principal, r is rate of interest, n number of times interest compounded in an year and t is the number of years.

Substitute P=2900, r=0.0325, n=1 and t=9.

Using calculator, we get

Therefore, the worth of the investment after 9 years will be $3867.

there would only be 50 odd numbers between 1 and 100 so therefor there would be 50 even so that would only be 50 odd numbers.