christianjack21
christianjack21 christianjack21
  • 01-05-2018
  • Mathematics
contestada

The amount after 8years will be what

The amount after 8years will be what class=

Respuesta :

mkryukova19 mkryukova19
  • 01-05-2018
P=5000
t=8
r=7%=0.07
n=4
Now all of this have to be substituted to the formula
A=5000(1+0.07/4)^(4*8)=5000(1+0.07/4)³²=8711.07
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