Answer
Compound Amount: 9751.20
Interest: 1751.20
Work Step by Step
Compound interest table for 2%, 10 years is 1.2189
$8000\times1.2189 = 9751.20$ (compound amount)
$9751.20 - 8000 = 1751.20$ (interest)
Basic College Mathematics (10th Edition)
by Lial, Margaret L.; Salzman, Stanley A.; Hestwood, Diana L.
Published by
Pearson
ISBN 10:
0134467795
ISBN 13:
978-0-13446-779-5
Chapter 6 - Percent - 6.8 Compound Interest - 6.8 Exercises - Page 454: 25
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
