Answer: The population will be 536,250 people
Step-by-step explanation:
He was wrong because, although three is greater than five, the value of the three is in the ten thousands place, while the five is in the thousands place. Therefore, the correct answer would be that 36594 is greater than 5980.
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
