Javier put his $20,000 into a high yield savings account that pays 3.5% annually. The account is

compounded annually. If the bank uses a compound interest formula, how much will the account be

worth in 8 years if left untouched?

Step-by-step explanation:

3.5% of 20000 = 700

700 x 8 = 5600

2000 + 5600 = 25600

maybe i can

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!