Answered

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Bridgette puts $600.00 into an account to use for school expenses. The account earns 10%
interest, compounded annually. How much will be in the account after 8 years?
nt
p(1+3)
1
Use the formula A = p 1 + where A is the balance (final amount), P is the principal
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.

Sagot :

bblalock316
48,000

600/.10
*8 years would be 48,000
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