177k views
4 votes
HELP ME WITH THIS MATH PROBLEM FOR 17 POINTS!!

Maureen deposited $19,000 at 11 percent interest compounded annually. What was the total interest earned at n = 8 years?

2 Answers

2 votes

Answer: $43786.22 (Round)

Step-by-step explanation: Use this formula: A= P(1+r/n)^nt

We are trying to find A in this problem.

Plug it in:

A= 19,000(1+0.11/1)^(1)(8)

User Ben Muircroft
by
7.7k points
5 votes

Answer:

%88 i believe

Explanation:

hope this helps!

User Jey DWork
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories