Isaac has $89,535 in a savings account that earns 8% annually. The interest is not
compounded. To the nearest dollar, how much will he have in total in 4 years?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r
is the interest rate expressed as a decimal, and t is the time in years..
Round your answer to the nearest dollar.

Question

04-12-2022
Mathematics

Answered

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Isaac has $89,535 in a savings account that earns 8% annually. The interest is not
compounded. To the nearest dollar, how much will he have in total in 4 years?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r
is the interest rate expressed as a decimal, and t is the time in years..
Round your answer to the nearest dollar.

Sagot :

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