3 years ago

HELLOPPPPP PLEASE

Mathematics

1 answer:

KiRa [710]3 years ago

4 0

Answer:

Use this equation: Amount after years=Initial investment*(1+Interest rate/time compounded yearly)^number of years*times compounded yearly

So A=25,000(1+.095/1)^8*1

Simplify

A=25000(1.095)^8

Simplify

A=25000(2.07)

Solve

A=$51,671.73

This equation can be used for all problems of this type.

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