Posted by mark on Monday, April 12, 2010 at 2:12am.
A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually.
using A=p(1+r/n)^nt

statistics please help!  Damon, Monday, April 12, 2010 at 5:31am
If it is compounded at the end of each year, you only have one year there.
8,000 *1.01