Jane invested $2000 at 8% compounded annually. how much will be in the account in 3 years? round to the nearest cent.

8

step-by-step explanation:

to find the amount of gift bags to use all the supplies, find the gcf or greatest common factor. this is the largest number which multiplies evenly into each term.

48 has factors: 1, 2, 3, 4, 6, 8, 12. 16, 24, 48

80 has factors: 1, 2, 4, 5, 8, 10, 16, 20, 40, 80

64 has factors: 1, 2, 4, 8, 8, 16, 32, 64

the highest number factor they all share in common is 8. this means there will be 8 bags with 6 pencils, 10 markers, and 8 stickers in each bag.

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of