Question

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

Answer 1

≈ 23305

Explanation:

The amount A is calculated as

A = P
`(1+r)^(t)`

P is the principal

r is the interest rate

t is the time in years

A = 5000
`(1+0.08)^(20)`

= 5000
`(1.08)^(20)`

≈ 23305 ( to the nearest whole number )

Answer 2

Explanation:

5k×8×20

_______ =800

100