hallau178 hallau178
  • 10-02-2021
  • Mathematics
contestada

you invest 10000 that will earn 8.3% every year how much will you earn in 12 years.

Respuesta :

madethisfortwitch1
madethisfortwitch1 madethisfortwitch1
  • 10-02-2021

Answer:

$16034.03

Step-by-step explanation:

I'm going to assume it's compound interest

10000(1+.083)^12

26034.03

subtract the original amount to find out how much was earned

26034.03-10000=16034.03

Answer Link
Iviancaa
Iviancaa Iviancaa
  • 10-02-2021

Answer:

$9960 would be earning in 12 years

Step-by-step explanation:

8.3% of 10,000 is 830

1% of 10,000 is 100

.3 would just be 30

.4 would be 40

etc etc

so 830 times 12(years) is $9960.00

Answer Link

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