# The value of investment after 5 years.Given information:Amount invested: $40,000Rate of interest: 2\% Per annumTime: 5 years. Brittney Lord 2021-08-17 Answered The value of investment after 5 years. Given information: Amount invested:$40,000
Rate of interest: $$\displaystyle{2}\%$$ Per annum
Time: 5 years.

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## Expert Answer

l1koV
Answered 2021-08-18 Author has 3204 answers
Calculation:
$$\displaystyle{F}{V}={A}{m}{o}{u}{n}{t}{\left({1}+{R}\%\right)}^{{{n}}}$$
$$\displaystyle{F}{V}=\{40},{{000}_{{+}}^{{{1}}}}$$
$$\displaystyle={40},{000}^{{{\frac{{{102}}}{{{100}}}}}}$$
$$\displaystyle={40},{000}\times{1.104}$$
$$\displaystyle=\{44164}$$
So, the value of investment after 5 years is $44164. Conclusion: So, the value of investment after 5 years is$44164.

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