Find the amount a accumulated after investing a principal p= $2,000 for t= 8 years at an interest rate r= 6% compounded monthly.

A = 3228.2854

I = 1228.2854

Step-by-step explanation:

1 . Use the CI formula. (Reference in file.)

2. Solve equation after plugging the given information we have.

3. We will have the Amount after solving the equation.

4.  To find interest we use formula A=P+I

Source - TutorEye

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.