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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