[tex]A=P(1+ \frac{r}{n})^{nt} [/tex]
A=end amount
P=present amount
r=rate in decimal
n=number of times per yaer compounded
t=time in years
given
P=1000
r=0.08
n=1
t=35
[tex]A=1000(1+ \frac{0.08}{1})^{(1)(35)} [/tex]
[tex]A=1000(1+ 0.08)^{35} [/tex]
[tex]A=1000(1.08)^{35} [/tex]
A=14785.344
roud
about $14785.34
