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Find the balance in an account after 8 years if $500 is invested at 7% interest compounded annually

Find the balance in an account after 8 years if $500 is invested at 7% interest compounded annually
asked 113k views
1 vote
Find the balance in an account after 8 years if $500 is invested at 7% interest compounded annually

asked
User Akshay Pethani
by
8.0k points

2 Answers

3 votes

Answer:

$859.09

Explanation:

answered
User Eldho NewAge
by
7.6k points
3 votes

Answer: 280

Explanation:

??/500=7/100

7x500/100

35/500=7/100

35x8=280

I think this is the answer.

answered
User Cklm
by
7.8k points
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