Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.8 Compound Interest - 6.8 Exercises - Page 454: 25

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)
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After 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.