22-04-2020
Mathematics

contestada

If $2900 is invested at a rate of 2.4% that is compounded annually, how much will it be worth after 8 years?

Respuesta :

tillyparker2006 tillyparker2006

22-04-2020

Answer:

£3505.87

Step-by-step explanation:

100 + 2.4 = 102.4/100 = 1.024

1.024 to the power of 8 x 2900 = 3505.88487688 = £3505.87

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