Question

Mitch puts $500.00 into an account to use for school expenses. The account earns 12% interest,

compounded annually. How much will be in the account after 8 years? Round your answer to
the nearest cent.

pls hurry it’s for a math test

Answer 1

there will be 20 dollars

Explanation:

500 multiplied by .12 and then timesed by 8 then subtracted by 500