ethangore ethangore
  • 13-04-2020
  • Mathematics
contestada

$20,600 at 8% for 2 years

Respuesta :

cdowerseducation cdowerseducation
  • 13-04-2020

Answer:

$23896

Step-by-step explanation:

1) Multiply 20,600 x .08 because 8% is added yearly. That's 1,648.

2) Multiply that answer by 2 since the amount is compounded for two years. 1,648 x 2 = 3,296.

3) Add the interest and original amount together. 3,296 + 20,600 = $23896

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