What is 10% of 10.7 billion? what would the total for 5 years of growth at this rate? what is the formula?

10% of 10.7 billion is 1.07 billion

amount = principal

growth amount is 17.232457 billion

Step-by-step explanation:

given data

rate = 10%

amount = 10.7 billion

time 5 year

to find out

growth and formula and 10% of 10.7 billion

solution

we have given

10% of 10.7 billion

so 10/100 × 10.7 = 1.07 billion

10% of 10.7 billion is 1.07 billion

and

formula is

amount = principal

so

now put value here principal = 10.7 billion rate = 10 and time 5 year

amount = 10.7

amount = 10.7 × 1.61051

growth amount is 17.232457 billion

give more details

step-by-step explanation: