Register

Austin opened a savings account and deposited $600.00 as principal. The account earns 5% interest, compounded annually. What is the balance after 8 years?

Austin opened a savings account and deposited $600.00 as principal. The account earns 5% interest, compounded annually. What is the balance after 8 years?
91.5k views
2 votes
Austin opened a savings account and deposited $600.00 as principal. The account earns 5% interest, compounded annually. What is the balance after 8 years?

User Chad Moore
by
7.8k points

1 Answer

5 votes

Answer:

$886.47

Explanation:

User Vesperae
by
7.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!