3 years ago

What is the place value of the number 8 in the number 814,295

1 answer:

3 0

The place value is a hundred thousand, as there are 5 digits following the eight.

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AfilCa [17]

Answer:

$3007.26

Step-by-step explanation:

Step one:

given data

Principal= $2000

rate= 6%= 0.06

time= 7years

Required:

The final amount A

Step two:

the expression for the compound interest is

$A= P(1+r)^t$

substituting we have

$A= 2000(1+0.06)^7\\\\A= 2000(1.06)^7\\\\A=2000*1.50363\\\\A=3007.26$

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