Answer:
3
Step-by-step explanation:
Hey!
To find the percentage increase, you must use this formula:
{(50 - 92 / 50] × 100 = 84%
So, the percent increase from 50 to 92 is: 84%.
Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,

Thus, after 9 years the account will be worth 13709.60$