taeboog2 taeboog2

29-01-2020
Mathematics

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How much must you deposit in an account that pays 8% interest, compounded monthly, to have balance of $1000 after three years? Please Help!!!

How much must you deposit in an account that pays 8 interest compounded monthly to have balance of 1000 after three years Please Help class=

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riahk1206 riahk1206

29-01-2020

Answer:

$240

Step-by-step explanation: 8 % over 100 then x over 1000 8×1000=8000÷100=80×3=240

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