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.
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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.
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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 = $
