lisbethcabelo555 lisbethcabelo555
  • 10-12-2021
  • Mathematics
contestada

At what rate would $1,200 earn $96 in 8 years?

Respuesta :

lijeff017ozuqwt
lijeff017ozuqwt lijeff017ozuqwt
  • 10-12-2021
Ur getting scammed lol but if you are looking at a constant term of a flat amount added each year, then the answer would be 96/8 and that would equal 12 so 12 dollars a year.


But if you are looking for yearly increase percentage wise then, first we would put out an equation, 1296 = 1200(x)^8= you would then put it into a calculator because the eighth root is omega hard to calculate, but the end answer is
1.009667
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