The amount after 2 years is $2,295.
Given that,
- The invested amount is $1,240.
- The rate of interest is 8%.
- The number of years is 2 × 4 = 8
Based on the above information, the amount after 2 years is
Future value = Present value ×(1 + rate of interest)^number of years
= $1,240 × (1 + 0.08)^8
= $1,240 × 1.08^8
= $2,295
Therefore we can conclude that the amount after 2 years is $2,295.
Learn more: brainly.com/question/18051939
It would be 24 units^2 because the middle is 16 and the two triangles are 4 each
How long would it take $120/hr to add up to $1000?
Divide $1000 by $120/hr:
$1000
----------- = 8 1/3 hours, or 8 hours 20 minutes.
$120/hr
