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16 April, 04:49

Your aunt and uncle deposit $2000 in an account that pays 3% compound interest, towed your future college costs. What is your balanc at the end of 8 years?

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  1. 16 April, 06:05
    0
    480

    Step-by-step explanation:

    the formula is

    A=p (1+rt)

    A the future value?

    p principle 2000

    r interest rate 0.03

    t time 8 years

    A=2000*0.03*8

    A = 480
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