4 years ago, Annie won some money in the lottery and put it in a bank account that earns 12% interest compounded annually. If Annie currently has 100.00 in the bank account, how much interest has she earned?

Solución

Solución

Interest : 36.45

Pasos de solución

Translate the problem into an equation:

100 = 63.55180 \dots + I

Resolver para

I, 100 = 63.55180 \dots + I : I = 36.45

Interest : 36.45

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