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MATH / Paula invests 10, 000 at the start of a 5 year period at an interest rate of 10%. At the end of those 5 years, how much is her investment worth if the interest is compounded quarte…

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problem

Paula invests $10,000\$10,\!000 at the start of a 5 year period at an interest rate of 10%10\%. At the end of those 5 years, how much is her investment worth if the interest is compounded quarterly? Express your answer rounded to the nearest cent.
Plain-text mathematical notation (without MathML)
Paula invests $10, 000 at the start of a 5 year period at an interest rate of 10%. At the end of those 5 years, how much is her investment worth if the interest is compounded quarterly?  Express your answer rounded to the nearest cent.
Original LaTeX notation
Paula invests $\$10,\!000$ at the start of a 5 year period at an interest rate of $10\%$. At the end of those 5 years, how much is her investment worth if the interest is compounded quarterly?  Express your answer rounded to the nearest cent.

level

Level 5

type

Algebra

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Source and history

task_id
8ceb0d5a-8f43-59db-a766-69c68a391d49
task_key
algebra--test--8ceb0d5a-8f43-59db-a766-69c68a391d49
task_revision_id
1
config / split
algebra / test

Official source

initial import