Aubrey opened a savings account and deposited 500.00 as principal. The account earns 13% interest, compounded quarterly. How much interest will she earn after 2 years?

Solución

Solución

Interest : 145.79

Pasos de solución

Translate the problem into an equation:

645.78876 \dots = 500 + I

Resolver para

I, 645.78876 \dots = 500 + I : I = 145.79

Interest : 145.79

Ejemplos populares

9 less than a number Translate the sentence into algebraic symbols. Eleven less than four times a number x is sixty-nine.The sum of four consecutive even numbers is 44 . Find the highest of them.Jayden puts 800.00 into an account to use for school expenses. The account earns 12% interest, compounded annually. How much will be in the account after 8 years?Eleven more than three times a number is 101