Sasha invests $1000 that earns 8% interest compounded annually. Which function describes the value of the investment after years?

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asked Jul 19, 2019 53.4k views

1 Answer

Curt Rand · Answer 1 · 2019-07-25T20:40:22+0000

Well, it depends on how many years are you referring to. But if you want to know annually, it would be $80. Simple math, 8% of 1,000 is 80.