Mathematics for IGCSE & O level - Percentages (Section 2 - No. 22)
What is the value of Martin's shares after 10 years if they increased by 7.5% each year and the initial value was $8000?
$16,197
$16,000
$15,000
$14,000
Explanation
Use formula: Future Value = Present Value * (1 + Growth Rate)^Number of Years. 8000*(1.075)^10
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