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interest, c...
Mathematics, 08.04.2020 19:11 joel53
Sean puts $600.00 into an account to use for school expenses. The account earns 8%
interest, compounded annually. How much will be in the account after 8 years?
nt
Use the formula A = P 1 + , where A is the balance (final amount), P is the principal
n
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.
Answers: 1
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