ecsinec ecsinec

14-12-2020
Mathematics

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Find the total value of an investment of $12,700 at 8.8% for 1 year to the nearest dollar.

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NgShiYin NgShiYin

14-12-2020

Answer:

$13,817.60

Step-by-step explanation:

Interest earned = $12,700 × [tex]\frac{8.8}{100}[/tex] × 1

= $1,117.60

Total earned = $1,117.60 + $12,700

= $13,817.60

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