How much would $200 invested at 4% interest compounded monthly be worth after 8 years round your answer to the nearest tenth

The amount is $275.3

Step-by-step explanation:

We can use amount formula

where

A is the amount

P is money invested

r is interest rate

n is number of periods

t is time in years

we are given

P=200

r=4%=0.04

t=8

n=12

so, we can plug these values

we can simplify it

and we get

So,

The amount is $275.3

hello :

by applying the distributive property :

6 × 4.3 = 6 × ( 4 + 0.3 )

            =   (6 ×   4) + (6 ×   0.3)

            = 24 + 1.8

6 × 4.3 = 25.8