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xxdgffsdgdfgffgsg

  • one year ago

If the money and interest are left in the bank, how much is the total accumulated savings at the end of the second year for a savings of $3,500 at 8% annually compounded interest? A. $3,742.30 B. $3,895.53 C. $3,935.10 D. $4,082.40

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  1. JuanitaM
    • one year ago
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    |dw:1360102013415:dw| this is formula for compounded interest formula.

  2. JuanitaM
    • one year ago
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    P = principal amount (the initial amount you borrow or deposit) r = annual rate of interest (as a decimal) t = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest. n = number of times the interest is compounded per year

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