biancajc1510 biancajc1510
  • 14-01-2019
  • Mathematics
contestada

Your aunt and uncle deposit $2000 in an account that pays 3% compound interest, towed your future college costs. What is your balanc at the end of 8 years?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 14-01-2019

Answer:

480

Step-by-step explanation:

the formula is

A=p(1+rt)

A the future value ?

p principle 2000

r interest rate 0.03

t time 8 years

A=2000×0.03×8

A= 480

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