Modules Daily Challenge Dashboard
📅 2026-04-09

Daily Math Challenge

📚 Money ⭐ Hard 🎓 Grade 6-8
An investment grows at 12% annually. If you invest $5000, how much will you have after 4 years with compound interest?
Answer
$7884.64

📝 Step-by-Step Solution

1
Year 1: $5000 × 1.12 = $5600
2
Year 2: $5600 × 1.12 = $6272
3
Year 3: $6272 × 1.12 = $7024.64
4
Year 4: $7024.64 × 1.12 = $7867.60
💡 Helpful Hints
• Multiply by 1.12 each year
• Or use $5000 × 1.12^4