Nolan inherited some money from his grandfather and put it in a bank account that earns 9% interest compounded quarterly. After 5 years, Nolan had 800.00 in the bank account. How much interest did he earn?

Solución

Solución

Interest : 287.35

Pasos de solución

Translate the problem into an equation:

800 = 512.65317 \dots + I

Resolver para

I, 800 = 512.65317 \dots + I : I = 287.35

Interest : 287.35

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