Question

You deposit 500$ in an account that earns 8 percent annual interest compounded monthly. What is it's value after 20 years?

Answer 1

Bro you need to make 500 times 1.08 times 20

500 is the first sum

multiplier is 8 which is 1.08 (8 + 100)

and 20 is the last number

Trust me bro and keeping going