Mathematics: Charlie invests 325 in an account that pays 8% simple interest for 15 years

Charlie invests 325 in an account that pays 8% simple

Serenitybella

24.01.2022

1030.95

Step-by-step explanation:

here is the formula

$i(1+\frac{n}{100})^{x} = t$

i is the initial amountn is the interestx is the number of yearst is the final amount after x years

when you plug everything in it is

$325(1+\frac{8}{100})^{15} = t$

now just plug into a scientific calculator.

1030.95

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leeamation31

23.06.2021

35841000

Step-by-step explanation: Well basically 10^5 is 10 followed by 4 zeros (100000). Knowing this multiply 358.41*100000 which is 35841000.

I think this is correct but I may have done something wrong

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