Question

What would be the value of $150 after eight years if you earn 12 %interest per year

Answer 1

Answer:

It would be $371.39

Answer 2

Answer:

$371.39

Step-by-step explanation:

150 * .12+150 = 168

168 * .12+168 = 188.16

188.16 * .12+188.16 = 210.7392

210.7392 * .12+210.7392 = 236.027904

264.3512525 * .12+264.3512525 = 296.0734028

296.0734028 * .12+296.0734028 = 331.6022111

331.6022111 * .12+331.6022111 = 371.3944764

you multiply your current number by 12% and add that to the number, the last number i rounded for the answer as you can see