isamarh141 isamarh141

02-05-2020
Mathematics

contestada

Fedor invests $3300 in an account earning 2% interest, compounded
annually. The equation that represents this scenario is:
A(n) = 3300(1 + 0.02) 11
How much will he have in the account in year 8? Round your answer to the
nearest dollar.

a. $ 3791
b. $ 11,824
c. $ 3866
d. $ 23,562

Respuesta :

sqdancefan sqdancefan

02-05-2020

Answer:

c. $3866

Step-by-step explanation:

Put 8 where n is and do the arithmetic.

A(8) = $3300(1.02^8) = $3386

Answer Link

14-06-2021

Answer: A 3791

Step-by-step explanation:

I took a test and it was correct

Answer Link

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