23.3k views
12 votes
Find the balance in the account after the given period

$3000 principal earning 5% compounded annually, 8 years
i really need help im confused

User Redandblue
by
6.8k points

1 Answer

6 votes

Answer:

$1200

Explanation:

5% of $3000 = $150

multiply 8 by $150 = $1200

User Luchonacho
by
6.3k points
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