Answer:
≈ $937
Step-by-step explanation:
to answer this, we have to use the compound interest formula which is:
A = P(1 + r/n)^nt
the meanings of each variable are:
A = result
P = principal amount
r = rate (in decimal form)
n = the number of compound periods (eg: annually, quarterly, etc)
t = time
in the word problem, we need to solve for A. we are given P, r, n, and t.
P = 800
r = 0.02 also known as 2%
n = 1 keyword being annually which is equal to the value of 1
t = 8
we can plug these values into the formula:
A = 800(1 + 0.02/1)
we can use a calculator to calculate this easier but ill break it down:
A = 800(1 + 0.02/1)
A = 800(1.02)
A = 800(1.02)
A = 800(1.17165938)
A ≈ 937.327
we can round 937.327 to the nearest dollar which is $937
Carl would have earned $937 over the course of 8 years
The volume of a refrigerator
2.
Distance a person can run in 10 minutes
3.
The surface area of a tissue box
4.
The perimeter of a baseball field
5.
The surface area of the moon
6.
The volume of a large lake
7.
The length of macaroni noodle
8.
The area of a bed sheet
a.
cubic kilometers
b.
square inches
c.
meters
d.
square kilometers
e.
centimeter
f.
mile
g.
cubic feet
h.
square feet
1&g 2&f 3&b 4&h 5&c 6&d 7&e 8&a
Step-by-step explanation: