Suppose you invest $16000 at 9% interest and that it is compounded daily. how much will you have in 8 years?

The amount after 8 years is $ 16,031.579

Step-by-step explanation:

Given as :

The Principal invested = $ 16000

The rate of interest compounded daily = 9 %

The time period = 8 years

Let The amount after 8 years = $ A

From Compounded method

Amount = Principal invested ×

Or, Amount = 16000 ×

Or, Amount = 16000 ×

∴  Amount = $ 16,031.579

Hence The amount after 8 years is $ 16,031.579   Answer

70

step-by-step explanation:

2*5=10

4*15=60

60+10=

70