# algebra 2

If \$8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years?

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1. Use
A = PRn
A=future amount
P=principal (present value)
R=rate of interest, 1.08 for 8%
n=number of periods, number of years if the interest rate is compounded yearly.

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posted by MathMate
2. i got 1.052432401^11 but i doubt its right because i suck at math and i came on this site looking for this answr but noooo t made me answr it for whoever you are.:(

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