9514 1404 393
Answer:
$3942.72
Step-by-step explanation:
The compound interest formula is ...
A = P(1 +r)^t . . . . P invested at rate r for t years
You have P = 3500, r = 0.015, t = 8. Put these values into the formula and do the arithmetic.
A = $3500(1.015^8) ≈ $3942.72
Carl will have $3942.72 in the account after 8 years.
