9 years ago, Justine won some money in the lottery and put it in a bank account that earns 3% interest compounded quarterly. If Justine currently has 600.00 in the bank account, how much interest has she earned?

Solución

Solución

Interest : 141.51

Pasos de solución

Translate the problem into an equation:

600 = 458.48937 \dots + I

Resolver para

I, 600 = 458.48937 \dots + I : I = 141.51

Interest : 141.51

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