Francesca opened a savings account and deposited 600.00 as principal. The account earns 15% interest, compounded annually. How much interest will she earn after 4 years?

Solution

Solution

Interest : 449.4

étapes des solutions

Translate the problem into an equation:

1049.40375 = 600 + I

Solutionner pour

I, 1049.40375 = 600 + I : I = 449.4

Interest : 449.4

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