Determine the amount of an investment if $1000 is invested at an interest rate of 8% for 6 years

asked Feb 6, 2022 156k views

4 votes

Determine the amount of an

investment if $1000 is invested at an
interest rate of 8% for 6 years

4.0k points

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2 votes

Answer

480

Explanation:

Congrats on your first question!

The investment is 480 because

(80 / 100) x 1000 = 80 x 6 = 480

The total is 1480.

Eino Gourdin answered Feb 10, 2022

3.2k points

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