Ask Question
28 October, 16:37

You want to deposit 12000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after five years

+2
Answers (1)
  1. 28 October, 16:46
    0
    The value of the money is 16800, use the equation y=P (1+rt) y=12000 (1+.08x5) y=16800
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You want to deposit 12000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after five years ...” 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