I think it's D bc I looked it up in internet and it's what It gave me
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
The question mark is 100. It is a variable if you don't know
Answer:
probability=events over the sample space
9514 1404 393
Answer:
2 years
Step-by-step explanation:
Use the interest formula with the given information. Solve for t.
I = Prt
30 = 500×0.03×t
30/15 = t = 2 . . . . . . divide by the coefficient of t
The account lasted 2 years.
