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Contact [7]
3 years ago
12

Sam invested $5000 in a GIC earning 8% compound interest per year. 1he interest gets added to the amount invested, so the next y

ear Sam gets interest on the interest already earned, as well as on the original amount. How much will Sam's investment be worth at the end of 10 years?
Mathematics
2 answers:
pishuonlain [190]3 years ago
4 0

Answer:

Click the file to c the answer :

<u>help me by marking as brainliest....</u>

<u>Answer: $9995.62</u>

kkurt [141]3 years ago
3 0

Answer:

Sams Investment will be $9995.62

Step-by-step explanation:

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To find this, we need to first look for the slope. Perpendicular slopes have opposite and reciprocal slopes. Since the original line has a slope of 4, this means the new one has a slope of -1/4.

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y - y1 = m(x - x1)

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5+(23xN)

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