Sandeep opened a savings account and deposited 100.00 as principal. The account earns 9% interest, compounded annually. How much interest will he earn after 7 years?

Solución

Solución

Interest : 82.8

Pasos de solución

Translate the problem into an equation:

182.80391 \dots = 100 + I

Resolver para

I, 182.80391 \dots = 100 + I : I = 82.8

Interest : 82.8

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