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25-02-2021
Mathematics

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$1250 invested at 8% compounded annually for 2 years. Using compound interest

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25-02-2021

Answer:

$1458

Step-by-step explanation:

ok i'm kind of bad at this so im sorry if i get this wrong

i = prt

i = 1250 x 0.08 x 1

i = 100

1250 + 100 = 1350

i = prt

i = 1350 x 0.08 x 1

i = 108

1350 + 108 = 1458

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