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astraxan [27]
3 years ago
9

If you invested $2000 in an account that paid 8% annual interest compounded quarterly, how much would the account be worth in 10

years?
Mathematics
2 answers:
Tasya [4]3 years ago
7 0

Answer:

$1600

Step-by-step explanation:

8 = 0.08%   Turn the percent to a decimal

2000 / 0.08 = 160    Divide it by 2000

160 * 10 = 1600    Mutiply by 10

Have a good day    

                               

Morgarella [4.7K]3 years ago
4 0

Answer:

4,317.85

Step-by-step explanation:

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