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.

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asked Mar 9, 2022 184k views

13 votes

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

Mathematics
high-school

Jayphelps asked

by Jayphelps

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1 Answer

2 votes

Answer:

there will be 20 dollars

Explanation:

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

Roman Dibikhin answered Mar 15, 2022

by Roman Dibikhin

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