IDNLearn.com is your reliable source for expert answers and community insights. Our experts provide timely and precise responses to help you understand and solve any issue you face.

Alice invests $8000 into an account that grows yearly. After 2 years, they have $10035.20. How much will they have after 7 years? Round your answer to the nearest dollar.

Sagot :

My guess would be $15,123 (rounded). It made $2,035.20 in 2 years; that’s $1,017.60 per year. Multiply that by 7 (years) and you’ve got $15,123.20