Question

$1250 invested at 8% compounded annually for 2 years. Using compound interest

Answer 1

$1458

Explanation:

ok i'm kind of bad at this so im sorry if i get this wrong

i = prt

i = 1250 x 0.08 x 1

i = 100

1250 + 100 = 1350

i = prt

i = 1350 x 0.08 x 1

i = 108

1350 + 108 = 1458