We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Now we will subtract principal amount from final amount to find amount of interest as:


Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.
Answer:
Is this
Step-by-step explanation:
2 times 3 equals 6.and 4 times6 equals 24.and 8 times 12 equals 96 add them all together and you will get 126
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9x - 2 = 67
67 + 2 = 69
69 × 9 = 621
621 = x