scoobydooyuck scoobydooyuck

02-05-2018
Mathematics

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$8000 at 3% annually for 4 years

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TheBreeze TheBreeze

08-05-2018

Here's the equation for one year:
0.03(8000) + 8000
For four years:
4(0.03(8000)) + 8000
0.12(8000) + 8000
To make it simpler/smaller:
1.12(8000) = 8960
You can make 960 more dollars, and you now have $8960

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