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Anonymous Anonymous
  • 08-02-2017
  • Mathematics
Answered

Please help! 25 points! Compound intrest!!!

Latrice invested $500 at 8% interest compounded annually.? ?

How much interest does she earn in 2 years?




$83.20



$80.00



$508.00



$408.00

Verified Answer :

evekathleenbrosie evekathleenbrosie
  • 18-10-2018

The answer is actually $80.00, I just took the test.

Answer Link
dclary2002
dclary2002 dclary2002
  • 23-10-2018

Answer:

80$

Step-by-step explanation:

The interest rate is 8% which is .08

500x.08=$40

40x2= $80

Answer Link

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