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The amount after 8years will be what
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2 votes
The amount after 8years will be what

The amount after 8years will be what-example-1
User Brett Hardin
by
8.7k points

1 Answer

5 votes
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
User DBencz
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