Mrs. Baxter deposits $2,000 in an account that earns 5% sample interest, How much interest does Mrs Batter's investment en ter 8 years The answer is $480!

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asked Nov 23, 2022 75.1k views

3 votes

Mrs. Baxter deposits $2,000 in an account that earns 5% sample

interest, How much interest does Mrs Batter's investment en ter
8 years

The answer is $480!

Mathematics
high-school

Rafee asked

by Rafee

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1 Answer

5 votes

Answer:

$800 in interest

Explanation:

T = A(1 + rt)

T = 2,000(1 + .05(8))

T = 2,000(1.4)

T = 2800

2800 - 2000 = 800

Asanka Sanjaya answered Nov 29, 2022

by Asanka Sanjaya

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