An investment of 2500 dollars grows by 8% each year for 2 years. What is its final value? Enter the amount in dollars.
Bonne réponse
2916
Explication
Repeated growth gives 2500 × 1.08 × 1.08 = 2916 dollars. Adding 8% of the original twice would give 2900, which treats the annual gains as fixed simple interest.