Ask Question
11 September, 16:36

Javier put his $20,000 into a high yield savings account that pays 3.5% annually. The account is

compounded annually. If the bank uses a compound interest formula, how much will the account be

worth in 8 years if left untouched?

+3
Answers (1)
  1. 11 September, 16:56
    0
    Step-by-step explanation:

    3.5% of 20000 = 700

    700 x 8 = 5600

    2000 + 5600 = 25600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Javier put his $20,000 into a high yield savings account that pays 3.5% annually. The account is compounded annually. If the bank uses a ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers