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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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\huge\text{Hey there!}

\mathsf{23n =2.4}

\large\text{DIVIDE 23 to BOTH SIDES}

\mathsf{\dfrac{23n}{23}=\dfrac{2.4}{23}}

\large\text{Cancel out: }\mathsf{\dfrac{23}{23}}\large\text{ because it gives you 1}

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\mathsd{\dfrac{2.4}{23}= 2.4\div 23\rightarrow \bf 0.104348}

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