A principal of $2800 is invested at 8% interest, compounded annually. How much will the investment be worth after 9 years? Use the calculator provided and round your answer to the nearest dollar.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Aug 28, 2021 44.5k views

5 votes

A principal of $2800 is invested at 8% interest, compounded annually. How much will the investment be worth after 9 years?

Use the calculator provided and round your answer to the nearest dollar.

Mathematics
middle-school

Bill Christo asked

by Bill Christo

7.5k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

2 votes

Answer:

2,016

Explanation:

You do 2800 x 0.08 in ur calculator which is 224 and multiply that by 9

Kazzar answered Sep 3, 2021

by Kazzar

7.3k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

8.0m questions

10.6m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions