The amount of money the person would have in 8 years s $2541.74.
<h3>How much would the person have in 8 years? </h3>
The formula for calculating future value is:
FV = P (1 + r)^nm]
Where:
FV = Future value
- P = Present value = $2000
- R = interest rate = 3% / 12 = 0.25%
- m = number of compounding = 12
- N = number of years = 8 years
Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74
To learn more about future value, please check: brainly.com/question/18760477
Answer should be $174.91? if that isnt an option tell me and i will regroup
5,5.08,5.8,8.05,8.5 :))))
3x +2= 5x
-3x
2= 2x
/2
1= x
So first I got all the x’s on one side and the whole numbers on the other side. So we had 2 on one side and 2x on the other. From there we divided by the number of x’s which was 2 so we can get one x only. So 2/2= 1 so x =1
