Respuesta :

The compound interest if the investment after 3 years would be = $10,540

What is compound interest?

Compound interest is defined as the particular amount of money that is being paid to an individual which is related to an investment made by the same individual.

The formula for compound interest = P×T×R/100

The principal (P) amount invested = $8500

The time (T) of investment= 3 years

The rate for the investment= 8%

compound interest = 8500×3×8/100

= 204000/100

= $2,040

Therefore the compound interest would be = $8500 + $2,040 = $10,540.

Learn more about simple interest here:

https://brainly.com/question/25793394

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Universidad de Mexico