mohannadkashif mohannadkashif

30-12-2020
Mathematics

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Amy makes an initial investment of 5000$. The investment losses 13.5% each year. Find the amount Amy has at the end of 8 years

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surjithayer10 surjithayer10

30-12-2020

Answer:

156.71$

Step-by-step explanation:

[tex]A=P(1-r \%)^ t\\=500(1-13.5 \%)^8\\=500(0.865)^8\\\approx 156.71[/tex]

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