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Nady [450]
3 years ago
6

5,000 is invested at an interest rate of 8% compounded annually. how much is the investment return after 20 years?​

Mathematics
2 answers:
igomit [66]3 years ago
8 0

Answer:

≈ 23305

Step-by-step explanation:

The amount A is calculated as

A = P (1+r)^{t}

P is the principal

r is the interest rate

t is the time in years

A = 5000 (1+0.08)^{20}

   = 5000 (1.08)^{20}

   ≈ 23305 ( to the nearest whole number )

iren [92.7K]3 years ago
6 0

Step-by-step explanation:

5k×8×20

_______ =800

100

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