julesalizabeth
julesalizabeth julesalizabeth
  • 08-03-2021
  • Mathematics
contestada

Chris deposited $1,000 into an account that earned 8% compound interest over 48 months. What is the account value earned after 48 months?

Respuesta :

zacharynoe2424
zacharynoe2424 zacharynoe2424
  • 08-03-2021

Answer:

She would have $1080 dollars in 48 months.

Step-by-step explanation:

So she earned 8% interest in 48 months.

So you find 8% of 1000 and that would be 80 and add 80 to 1000 because she gained 80 dollars in interest over 48 months so in 48 months she has $1080 dollars.

Answer Link

Otras preguntas

Find the median for the given sample data. The distances (in miles) driven in the past week by each of a company's sales representatives are listed below.
Which expressions are equivalent to -2(5x-3/4)?
I'LL GIVE BRAINLIEST Lynn is at a store and wants to buy a new backpack that costs $55. She only has $35 with her, but she has the rest at home. Lynn also has a
A system of equations is given below. For what value(s) of x is f(x)=g(x) ? f(x)=x2+3x g(x)=x+3
What is wrong with this code and correct it. def swapping_stars(): line_str = "" for line in range(0, 6): for char in range(0,6): if line % 2 == char % 2: line_
what is 2 over 3 + 4 over3
Which strategy is used by the public health to reduce the incidence of measles
You are in a line at the bank drive-through and 9 cars are in front of you. You estimate that the clerk is taking about four minutes per car to serve.How long d
James can write 6 paragraphs in 24 minutes. Using the same unit rate, how many paragraphs can James write in 16 minutes?
a cube has a side length of 20mm, what is the surface area of the cube in square untils​