How many Squares are there ?
2 answers:
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Answer:
$635.62
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
<em>A = total </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal) </em>
<em>t = time (years) </em>
<em />
First change 8% to its decimal form:
8% -> -> 0.08
Next, plug in the values into the equation:
Your answer is $635.62