pmillajazmarcuse pmillajazmarcuse

20-07-2016
Mathematics

contestada

What would be the value of $150 after eight years if you earn 12 percent interest per year?

Respuesta :

14-07-2017

Every year $150 gains 12%, so every year you multiplythe value $150 times 1.12. So, after eight years the value will be: $150 * 1.12 * 1.12 * 1.12 * 1.12 * 1.12 * 1.12 * 1.12 * 1.12 = $150 * (1.12)^8 = $ 371.39. Answer: $ 371. 39

Answer Link

feliciajones7373 feliciajones7373

30-11-2020

Answer:

Step-by-step explanation:

A . $ 371 .39

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