Register

Hugo puts $400.00 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much will be in the account after 8 years?

Hugo puts $400.00 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much will be in the account after 8 years?
218k views
18 votes
Hugo puts $400.00 into an account to use for school expenses. The account earns

4% interest, compounded annually. How much will be in the account after 8 years?

User Dinesh Gowda
by
8.4k points

1 Answer

0 votes

Answer:

$528

Explanation:

400 × 0.04 × 8

= $128

128 + 400

= $528

User Tigran Sarkisian
by
7.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!