Future amount after 6 years will be: $10720.76
Step-by-step explanation:
Principal = $8000
Interest= 5% compounded annually
Time = 6 years
We need to find A (future amount)
The formula used is:

A= Future amount
P= Principal amount
r= interest rate
n= no of times interest is applied
t= time
Putting values and finding A
P=8000. r=0.05, n=1, t=6

So, Future amount after 6 years will be: $10720.76
Keywords: Compound Interest
Learn more about Compound Interest at:
#learnwithBrainly
Answer:
<h2>x = -2 or x = 1</h2>
Step-by-step explanation:
The quadratic formula for the quadratic equation ax² + bx + c = 0:



Substitute:

Yes it will be 3 since it gradually increases by 3