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:
Total amount $1573
Interest amount $723
Total amount after 8 years is $1,573.29 and the interest earned is $723.29
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The answer is 5 because 5-2=3. S=5
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1/3
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5/6-x=1/2
x=5/6-1/2
x=5/6-3/6
x=2/6
simplify
x=1/3