Madeline invests $25,000 in an account that offers a compound interest rate of 9.5% per year. Which of the following is the correct equation for how much Madeline will have after 8 years?

Use this equation: Amount after years=Initial investment * (1+Interest rate/time compounded yearly) ^number of years*times compounded yearly

So A=25,000 (1+.095/1) ^8*1

Simplify

A=25000 (1.095) ^8

Simplify

A=25000 (2.07)

Solve

A=$51,671.73

This equation can be used for all problems of this type.