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kari74 [83]
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 = $
Mathematics
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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Step-by-step explanation:

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1\text{ year} = 365\times 24\times 60\text{ minutes}\\1\text{ year} = 525600\text{ minutes}

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Thus, 4106.25 gallons of water is wasted every year.

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