SOLUTION: Remember:
P(1+r)t
Using the expression above, choose the correct answers for the new balance and the amount of interest earned in the following compound interest problem.
Algebra.Com
Question 830564: Remember:
P(1+r)t
Using the expression above, choose the correct answers for the new balance and the amount of interest earned in the following compound interest problem.
$950 at 7% for 8 years, compounded annually.
Total Amount = $
Interest Amount = $
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Ok, I remember (tho I'm not convinced).
Choose from what?
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