What is the final amount of $35.00 that is put into a savings account with 8% interest rate for 25 years, if the interest is compounded 4 times per year?

$253.56

Given:

Question:

What is the final amount?

The Process:

Compound interest is the interest earned from the initial amount and the interest earned previously. The formula for the balance A of the savings with compound interest is

Let us calculate the final amount.

Thus the final amount that is put into a savings account for 25 years is $253.56

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a

step-by-step explanation:

jjddbdhid r

answer: 80,000

step-by-step explanation:

the population doubles every day.

10,000*2=20,000 day 4

20,000*2=40,000 day 5

40,000*2=80,000 day 6