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You deposit $750 into a savings account that pays 8% interest compounded yearly.How much money is in the account after 7 years assuming no additional deposits or withdrawals wer…
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You deposit $750 into a savings account that pays 8% interest compounded yearly.How much money is in the account after 7 years assuming no additional deposits or withdrawals wer…
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Nov 5, 2018
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You deposit $750 into a savings account that pays 8% interest compounded yearly.How much money is in the account after 7 years assuming no additional deposits or withdrawals were made
Mathematics
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Shaun Scovil
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Shaun Scovil
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Total = Principal * (1 + rate)^years
Total = 750 * (1.08) ^ 7
Total = 750 *
1.7138242688
Total =
1,285.3
7
Kovy Jacob
answered
Nov 11, 2018
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Kovy Jacob
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