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A 6,000.00 principal earns 8% compounded annually after 4 years what is the balance

A 6,000.00 principal earns 8% compounded annually after 4 years what is the balance
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A 6,000.00 principal earns 8% compounded annually after 4 years what is the balance

User Cand
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1 Answer

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A=p (1+r)^t
A future value
P present value 6000
R interest rate 0.08
T time 4

A=6,000×(1+0.08)^(4)
A=8,162.93
User Subham Goyal
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7.6k points
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