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3 years ago

9

Using the expression above, choose the correct answers for the new balance and the amount of interest earned in the following co

mpound interest problem.
$850 at 8% for 8 years, compounded annually.

Total Amount = $

Interest Amount = $

2 answers:

Shkiper50 [21]3 years ago

6 0

Total amount $1573
Interest amount $723

Naddika [18.5K]3 years ago

3 0

Total amount after 8 years is $1,573.29 and the interest earned is $723.29

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