document.write( "Question 503199: invest 600 for 4 years at 8% compound interest pa. how much after 4 years? \n" ); document.write( "
Algebra.Com's Answer #339119 by Sarpi(32)![]() ![]() You can put this solution on YOUR website! Compound Interest formula: \n" ); document.write( " Amt=P(1+I)^n where Amt= Amount; P= principal; I= Interest rate; n=Time\r \n" ); document.write( "\n" ); document.write( "P=600 \n" ); document.write( "I=8% \n" ); document.write( "n=4yrs\r \n" ); document.write( "\n" ); document.write( "Amt=600(1+8%)^4 \n" ); document.write( " = \n" ); document.write( " = 816.29 \n" ); document.write( "Hence, you will get 816.29 \n" ); document.write( " |