If $2900 is invested at a rate of 2.4% that is compounded annually, how much will it be worth after 8 years?

asked Aug 22, 2021 179k views

4 votes

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3 votes

Answer:

£3505.87

Explanation:

100 + 2.4 = 102.4/100 = 1.024

1.024 to the power of 8 x 2900 = 3505.88487688 = £3505.87

YeJiabin answered Aug 28, 2021

4.5k points

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