Question

You invest $3,635 in an investment with annual rate of return 6%. How much will the investment be worth after 8 years?

Answer 1

Answer:

5,379.80

Step-by-step explanation:

you multiply $3,635 times .06, and you'll get $218.10. then you multiply $218.10 times 8. you will get $1,744.80. you then add your original amount of $3,635 and the final answer is $5,379.80

Answer 2

You make 218.1 a year so that times 8 is 1744.8 plus 3635 is 5739.8. The answer is 5739.8