Ask Question
27 December, 03:53

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?

+3
Answers (1)
  1. 27 December, 04:09
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” 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