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:
<u><em>-71</em></u>
Step-by-step explanation:
The range for the cities in the south is 145 larger than the range for the cities in the north.
We find the range by subtracting the highest and lowest values; in the North, we have:
305 - 58 = 247
In the South, we have:
503 - 111 = 392
The difference in the ranges is 392 - 247 = 145.
