The amount after 2 years is $2,295.
Given that,
- The invested amount is $1,240.
- The rate of interest is 8%.
- The number of years is 2 × 4 = 8
Based on the above information, the amount after 2 years is
Future value = Present value ×(1 + rate of interest)^number of years
= $1,240 × (1 + 0.08)^8
= $1,240 × 1.08^8
= $2,295
Therefore we can conclude that the amount after 2 years is $2,295.
Learn more: brainly.com/question/18051939
Answer in order
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answer
A. -4.6 - (0.4 + 7.2)
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answer
B. -10 + (-90) + (-40)
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answer
associate property of addition
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answer
Commutative <span>Property
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answer
-147
A = LW
A = 2/3 * 3/4
A = 6/12 = 1/2 miles^2
The answer for this question is 9 I
