Mathematics: Kira borrowed $8000 at a rate of 17.5% compounded annually. assuming she makes no payments, how much will she owe after 8 years? do not round any intermediate computations and round your answer to the nearest cent.

Kira borrowed $8000 at a rate of 17.5% compounded - id80001754543740, eduardoguizar8787

Ответ:

JSTAX01

15.01.2022

$\bf \qquad \textit{Compound Interest Earned Amount}\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{current amount}\\
P=\textit{original amount deposited}\to &\$8,000\\
r=rate\to 17.5\%\to \frac{17.5}{100}\to &0.175\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{annually, means once}
\end{array}\to &1\\
t=years\to &8
\end{cases}$

she'll owe A amount

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Ответ:

narwalmaster2001

10.09.2022

Mathematics

Step-by-step explanation:

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Kira borrowed $8000 at a rate of 17.5% compounded annually. assuming she makes no payments, how much will she owe after 8 years? do not round any intermediate computations and round your answer to the nearest cent.

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