Asked by dormaine
how much would be in your savings acount in 8 years from an initial deposit of 150.00 today if the bank pays 7% 6% and (%
Answers
Answered by
Reiny
for 7%
amount after 8 years = 150(1.07)^8 = 257.73
do the same for the other rates
amount after 8 years = 150(1.07)^8 = 257.73
do the same for the other rates
Answered by
lisa
ok now the same 8 years at 8% with a deposit of 150.00 can you please show me the calculation
Answered by
Reiny
PLease .....
surely you can tell how the 1.07 relates to a rate of 7%.
give it a try.
surely you can tell how the 1.07 relates to a rate of 7%.
give it a try.
Answered by
lisa
so am i then 150 (1.07)^7%
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