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How much would $200 invested at 4% interest compounded annually be worth after 8 years?

How much would $200 invested at 4% interest compounded annually be worth after 8 years?
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How much would $200 invested at 4% interest compounded annually be worth after 8 years?

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User Hemant Dixit
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7.9k points

2 Answers

3 votes

Answer:

Explanation:

answered
User Olegzhermal
by
7.9k points
4 votes
You can work this out by doing the sum 200×1.04^8.
This gives the answer 273.71381
So it will be worth $273.71
answered
User HKTonyLee
by
8.8k points
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