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November 20, 2014

November 20, 2014

Posted by **Brandi** on Sunday, May 12, 2013 at 9:58am.

- Math -
**Henry**, Monday, May 13, 2013 at 9:32pmCompounded Annually:

P = Po(1+r)^n.

n = 1Comp/yr * 1yr = 1.

P = 800(1.038)^1 = $830.40

Simple Int.

P = P + Po*r*t = 800 + 800*0.038*1= $830.40.

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