Lucy invested $19,000 in an account paying an interest rate of 3% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account

asked Mar 5, 2022 209k views

13 votes

7.2k points

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11 votes

Answer:

Explanation:

A=19000( 1 + 0.03)^8

A=24068.6315464

A≈24100

Round to the nearest hundred dollars

Vizsatiz answered Mar 7, 2022

7.8k points

9 votes

23560
3% of 19k is 570
570*8=4560
4560+19000=23560
(I hope this is right)

Shivansh Goel answered Mar 11, 2022