How much I treat will be earned on a savings account that pays 8% compounded annually, if $16,000 is invested for 2 years?

2 answers:

leva [86]3 years ago

6 0

I=prt
i=16000*8%*2
i=16000*0.8*2
i=25600

4 0

400 dollers per year ....

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sergey [27]

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