butler1234 butler1234
  • 22-01-2021
  • Mathematics
contestada

Lucy invested $19,000 in an account paying an interest rate of 3% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 8 years?

Respuesta :

RisakoYoko
RisakoYoko RisakoYoko
  • 23-01-2021

Answer:

23560

Step-by-step explanation:

3% of 19k is 570

570*8=4560

4560+19000=23560

Answer Link

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