Register

Sasha invests $1000 that earns 8% interest compounded annually. Which function describes the value of the investment after years?

Sasha invests $1000 that earns 8% interest compounded annually. Which function describes the value of the investment after years?
asked 53.4k views
5 votes
Sasha invests $1000 that earns 8% interest compounded annually. Which function describes the value of the investment after years?

asked
User Tushan
by
8.7k points

1 Answer

3 votes
Well, it depends on how many years are you referring to. But if you want to know annually, it would be $80. Simple math, 8% of 1,000 is 80.
answered
User Curt Rand
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!