Question

Amy makes an initial investment of 5000$. The investment losses 13.5% each year. Find the amount Amy has at the end of 8 years

Answer 1

Answer:

156.71$

Step-by-step explanation:

$A=P(1-r \%)^ t\\=500(1-13.5 \%)^8\\=500(0.865)^8\\\approx 156.71$