Question

Potential investment are offering return of 8% per period. Given an initial investment of $2500 how much cash would be available at the end of four periods?​

Answer 1

Principle=$2500

Time=4yrs

Rate=8℅

Now,

`i = (p * t * r)/(100)`

`= (2500 * 4 * 8)/(100)`

`= 800`

At the end of four periods $800 would be available

hope it helps you