Estelle inherited some money from her grandfather and put it in a bank account that earns 9% interest compounded monthly. After 2 years, Estelle had 700.00 in the bank account. How much interest did she earn?

Soluzione

Soluzione

Interest : 114.92

Fasi della soluzione

Translate the problem into an equation:

700 = 585.08198 \dots + I

Risolvi per

I, 700 = 585.08198 \dots + I : I = 114.92

Interest : 114.92

Esempi popolari

Find the perimeter of a rectangolo with a length of 9:centimeters and a width of 6 centimeters.two fair dice are rolled. what is the probability of rolling a sum between 6 and 11 exclusive six more than the quotient of a number and 8 is equal to 3 How much money should be invested at 6% compounded quarterly for 15 years so that you have 25000 at the end of the 15 years?19 as binary number