$8000 invested at an apr of 6% for 10 years. if interest is compounded annually, what is the amount of money after 10 years?

The formula in finding the maturity value is the following:

A = P (1 + r) ^t

Where A = Maturity value

            P = principal amount

             r = Annual percentage rate

             t = time in years

Substituting the given amount to the formula:

A = $8,000 (1 + 6%) ^10

    = $8,000 (1.7908)

    = $14,326.40

Therefore, the amount of $8,000 after 10 years compounded annually at 6% is $14,326.40

80% of the cookies

step-by-step explanation:

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!