5,000 is invested at an interest rate of 8% compounded annually. how much is the investment return after 20 years?

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Veswanth asked Jul 10, 2022

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5,000 is invested at an interest rate of 8% compounded annually. how much is the investment return after 20 years?

Mathematics
college

Veswanth asked Jul 10, 2022

by Veswanth

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2 Answers

16 votes

Answer:

≈ 23305

Explanation:

The amount A is calculated as

A = P

P is the principal

r is the interest rate

t is the time in years

A = 5000

= 5000

≈ 23305 ( to the nearest whole number )

Pim Van Der Heijden answered Jul 12, 2022

by Pim Van Der Heijden

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17 votes

Explanation:

5k×8×20

_______ =800

100

Borys Stepov answered Jul 16, 2022

by Borys Stepov

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