Autumn invested $2,800 in an account paying an interest rate of 6.2% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the
nearest ten dollars, would be in the account after 8 years?

There would be $4590 (approx.) in the account after 8 years.

Step-by-step explanation:

Formula to calculate accumulated amount if compounded monthly :

, where P+ principal value, r = rate of interest , t = time.

Given: P=$2,800 , r = 6.2%

t= 8 years

Substitute all values in the formula , we get

Hence, There would be $4590 (approx.) in the account after 8 years.

one that is bigger than 3 1/2

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98