If $19,000 is invested in an account for 15 years. Find the value of the investment at the end of 15 years if the interest is: (a) 8% simple interest: $______________ (b) 8% compounded annually: $__________________ Round your answers to the nearest cent.
If $19,000 is invested in an account for 15 years. Find the value of the investment at the end of 15 years if the interest is: (a) 8% simple interest: $______________ (b) 8% compounded annually: $__________________ Round your answers to the nearest cent.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 24PPS
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If $19,000 is invested in an account for 15 years. Find the value of the investment at the end of 15 years if the interest is:
(a) 8% simple interest: $______________
(b) 8% compounded annually: $__________________
Round your answers to the nearest cent.
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