leilanieflores leilanieflores

16-04-2020
Mathematics

contestada

Javier put his $20,000 into a high yield savings account that pays 3.5% annually. The account is

compounded annually. If the bank uses a compound interest formula, how much will the account be

worth in 8 years if left untouched?

Respuesta :

mtctrygrl mtctrygrl

16-04-2020

Answer:

Step-by-step explanation:

3.5% of 20000 = 700

700 x 8 = 5600

2000 + 5600 = 25600

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