Brody opened a savings account and deposited 300.00 as principal. The account earns 13% interest, compounded quarterly. How much interest will he earn after 4 years?

Solución

Solución

Interest : 200.45

Pasos de solución

Translate the problem into an equation:

500.45175 \dots = 300 + I

Resolver para

I, 500.45175 \dots = 300 + I : I = 200.45

Interest : 200.45

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