aureth122 aureth122
  • 25-02-2021
  • Mathematics
contestada

$1250 invested at 8% compounded annually for 2 years. Using compound interest

Respuesta :

tofuloli
tofuloli tofuloli
  • 25-02-2021

Answer:

$1458

Step-by-step explanation:

ok i'm kind of bad at this so im sorry if i get this wrong

i = prt

i = 1250 x 0.08 x 1

i = 100

1250 + 100 = 1350

i = prt

i = 1350 x 0.08 x 1

i = 108

1350 + 108 = 1458

Answer Link

Otras preguntas

write and solve an equation to find the value of x. helpppppppppppp meeeeeeeee
An actuary analyzes a company's annual personal auto claims, m, and annual commercial auto claims, n. the analysis reveals that var(m) = 1600, var(n) = 900, and
Describe the role of plants in the movement of water through the water cycle Options- A:plants act as a water reservoir by absorbing water and holding it in pl
Please, guys, help me out.
How did members of Parliament respond to James II's attempts to enlarge his army and support Catholics?
(please help) A student must write a three-page essay for a science class. Which of the following topics is narrow enough? A. the life cycle of a butterfly
Kellogg recently dropped olympic swimmer michael phelps as a celebrity endorser. kellogg's decision was based on ___________. conflict of interest with another
Maggie just received word that she's getting a big promotion and is very happy. cynthia just received word that she is being laid off and is very upset. which w
2.2 • 10^6 - 4.3 • 10^5 = ?
Help a sister out and do my spring hw it’s my last day and I’m screwed