People with a house number ending in 1 are polled. Is this sample random? A) Yes B) No
1 answer:
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Answer:
The amount after 8 years is $ 16,031.579
Step-by-step explanation:
Given as :
The Principal invested = $ 16000
The rate of interest compounded daily = 9 %
The time period = 8 years
Let The amount after 8 years = $ A
<u>From Compounded method </u>
Amount = Principal invested ×
Or, Amount = 16000 ×
Or, Amount = 16000 ×
∴ Amount = $ 16,031.579
Hence The amount after 8 years is $ 16,031.579 Answer