Answer:
The answer is 60,000.
Step-by-step explanation:
If you invest 12,000 at 3.8 annual interest. Annual means yearly, so that's every year. 12,000 x 5 is 60,000 that's why the answer is 60,000. If the answer is incorrect or correct let me know. If it's correct, mark me as brainlest, give me a rating, or say thank you! Have A Great Day.
Answer:
$32,335.38
Step-by-step explanation:
You are going to want to use the compound interest formula, which is shown below.

<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>n = number of times compounded annually
</em>
<em>t = time</em>
<em />
Now lets plug in the values into the equation:
= 32,335.38
Your answer is $32,335.38
2*1.4=2.8
1.5*1.4= 2.1
New figure: 2.8 by 2.1
The answer is 2 3/4 or 2.75